The Fed Explained: What the Central Bank Does

Raul Anibal Feliz

Reports and Studies from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The 11th edition of The Fed Explained: What the Central Bank Does (formerly The Federal Reserve System Purposes & Functions) details the structure, responsibilities, and work of the U.S. central banking system. The Federal Reserve System performs five functions to promote the effective operation of the U.S. economy and, more generally, to serve the public interest. It includes three key entities: the Board of Governors, 12 Federal Reserve Banks, and the Federal Open Market Committee.

Date: 2021-08-11
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Persistent link: https://EconPapers.repec.org/RePEc:fip:g00002:4860

DOI: 10.17016/0199-9729.11

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