The Federal Reserve is the central banking system of the United States, responsible for setting monetary policy and regulating banks. It was established in 1913 to provide stability and security to the economy by controlling businesses' access to credit.
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The Federal Reserve is a central banking system of the United States. It was created by Congress in 1913 to provide stability and oversight for the U.S. economy and financial system, conducting monetary policy, supervising banks and providing financial services to depository institutions, as well as regulating credit unions and other entities in certain circumstances.
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