The central bank of the United States of America that was founded by Congress in 1913. It is responsible for supervising all bank and credit organizations in the U.S. (both private and public), enforcing credit law, forming U.S. monetary policy, providing financial services to the U.S. government and foreign banking systems, and most importantly, avoiding inflation and depression by controlling U.S. interest rates.
Alan Greenspan has been the chairman of the Federal Reserve for a long time, changing interest rates on many occasions.
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