The Federal Reserve, also known as the Fed, is the United States central bank. It is most likely the world's most powerful central bank. With the US dollar accounting for roughly 90% of all currency transactions worldwide, the Fed's influence has a significant impact on the valuation of many currencies.

The Fed is responsible for the smooth operation of the US economy while keeping the public's best interests in mind. According to its five primary functions, the Fed:

The U.S. Federal Reserve System, commonly known as the Fed, is the central banking system of the United States, established in 1913. It plays a critical role in the country's economy by managing monetary policy, regulating banks, and maintaining financial stability. The Fed's primary goals are to promote maximum employment, stabilize prices, and moderate long-term interest rates.

The Federal Reserve consists of a Board of Governors in Washington, D.C., and 12 regional Federal Reserve Banks across the country. It controls the money supply through tools like open market operations, the discount rate, and reserve requirements. Additionally, the Fed supervises and regulates financial institutions, provides banking services to the government, and acts as a lender of last resort during financial crises. Its decisions significantly influence the global economy.