Describe what kind of institution the Fed is? A little more detailed.

The Federal Reserve is the abbreviation of the Federal Reserve Board of the United States, and its function is actually the "first bank in the United States". The Federal Reserve was founded in 1913 and consists of the Federal Reserve Bank in 12 regions across the United States. It is responsible for setting U.S. monetary policy, including setting the reserve requirement ratio, approving the discount rate, and managing and supervising the 12 federal banks and other member banks and holding companies.

Its role is to control currency and credit, and to regulate the U.S. economy by using the three levers of open market operations, the discount rate of bank borrowing, and the statutory reserve ratio of financial institutions.

The Fed has independent decision-making power over monetary and financial policy and is directly accountable to Congress. As a result, the role of the chairman of the committee almost surpasses that of the United States**. For example, Greenspan, the current chairman of the Federal Reserve, not to mention that his financial policy plays an important role in the U.S. economy, even if he says a word, it may cause turmoil.

Adjusting interest rates is the Fed's main means of macroeconomic regulation and control of the US economy. If the economy overheats, it raises interest rates and shrinks monetary policy, slowing the economy down and reducing inflationary pressures. If the economy is sluggish, it lowers interest rates and loosens monetary policy to boost economic growth.

The key is to regulate and control the raising and lowering of interest rates according to the economic situation, and to do it just right. Monetary leverage is the most effective way the Fed has regulated the economy in years**. The Fed's interest rate adjustment is important for the U.S. economy.

Federal Savings Bank.

The Federal Reserve is a banking institution.

The Federal Reserve System, or Federal Reserve, is a private central bank in the United States that is responsible for fulfilling the duties of the central bank of the United States. This system was established on December 23, 1913, under the Federal Reserve Act. The Fed's core governing body is the U.S. Federal Reserve.

At the same time, the Federal Reserve is the largest holder of U.S. federal debt.

The U.S. Federal Reserve System consists of the Federal Reserve Board in Washington, D.C., and 12 regional Federal Reserve Banks located in major cities across the country. Jerome Powell is the current top head of the Federal Reserve. As the central bank of the United States, the Federal Reserve derives powers from the U.S. Congress to set monetary policy and supervise U.S. financial institutions.

How the Federal Reserve operates

As the central bank of the United States, the Federal Reserve receives authority from the U.S. Congress. It is considered an independent Central Bank because its resolutions do not require the approval of any senior member of the United States** or the Legislature, it does not receive appropriations from Congress, and its members serve for multiple terms**. Its fiscal independence is guaranteed by its enormous profitability, largely due to its ownership of the U.S. public debt.

The Federal Reserve influences the Fed's interest rate through open market operations. Open market operations are the actions of the Federal Reserve to put or withdraw money into the market by buying and selling bonds. For example, when the Federal Reserve bonds are in the chain hall, they pay the other party dollars, which increases the number of dollars in the market; Conversely, when the Fed sells bonds, it recovers the dollar from the market.

The above content refers to Encyclopedia - Federal Reserve.