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Federal reserveFrom 1Table of contentsThe Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role has evolved and expanded. What are the Federal Reserve's responsibilities?Today, the Federal Reserve's responsibilities fall into four general areas:
For an overview of the Federal Reserve and its responsibilities, see The Federal Reserve System: Purposes and Functions.
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