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The Federal Reserve, the central bank of the United States, has several key responsibilities, including conducting monetary policy to manage inflation and promote maximum employment, supervising and regulating banks to ensure the stability of the financial system, providing financial services such as processing payments and issuing currency, and acting as a lender of last resort during financial crises. Additionally, the Fed monitors and addresses systemic risks within the financial system, contributing to overall economic stability.

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5d ago

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