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The Federal Reserve System is the central bank of the United States, created in 1913. It issues currency, sets interest rates, and implements monetary policy. The Federal Reserve System is composed of the Board of Governors, the Federal Open Market Committee, and regional Federal Reserve Banks. It plays a key role in regulating the US financial system and responding to economic crises, such as the Great Depression of 1929 and the Financial Crisis of 2008. Monetary policy controls monetary factors like inter

Author

Marlon Yesid Buitrago Sanchez

Language

EN