Review:
Federal Reserve (us)
overall review score: 4.5
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score is between 0 and 5
The Federal Reserve System, often referred to as the Federal Reserve or simply the Fed, is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act.
Key Features
- Monetary policy implementation
- Supervising and regulating banks
- Financial services to depository institutions
Pros
- Stabilizes the economy by managing inflation and unemployment
- Provides a safe and stable financial system
- Ensures proper functioning of the banking system
Cons
- Criticism for lack of transparency and accountability
- Potential for political influence in decision-making