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looks at the history and structure of the Federal Reserve, the central banking system of the U.S. Learn how the Fed conducts U.S. monetary policy, regulates banking institutions, maintains the stability of the financial system, and provides financial services to depository institutions, the U.S. government, and foreign official institutions. (Federal Reserve Bank of San Francisco, The Federal Reserve )
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The Fed is the nation's monetary policy authority. Monetary policy involves influencing the availability and cost of money and credit to promote a healthy economy. For the Fed, Congress has mandated two policy goals: one, maximum sustainable output and employment; and two, stable prices, meaning low, stable inflation. |
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Federal Reserve structure |
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