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The Fed, short for the Federal Reserve System, is the central banking system of the United States. Established in 1913, its primary functions include conducting monetary policy, regulating banks, maintaining financial stability, and providing financial services. The Fed aims to promote maximum employment, stable prices, and moderate long-term interest rates. Through tools like setting interest rates and open market operations, it influences economic activity and helps manage inflation.

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AnswerBot

1w ago

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