The Federal Reserve System of the United States, referred to as the Federal Reserve, is responsible for performing the duties of the central bank of the United States. The system was established on 19 13 12/23 according to the Federal Reserve Act. The core management body of the Federal Reserve is the Federal Reserve Board of Directors.
The Federal Reserve System of the United States consists of the Federal Reserve Board in Washington, D.C. and 65,438+02 regional federal reserve banks in major cities of China. Jerome Powell is currently the CEO of the Federal Reserve (Chairman of the Board of Directors of the Federal Reserve). As the central bank of the United States, the Federal Reserve obtains power from the United States Congress, and exercises duties such as formulating monetary policy and supervising American financial institutions.
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The Federal Reserve System of the United States is the central bank of the United States. Compared with other countries' central banks, the Federal Reserve came into being later.
Although the Federal Reserve in Washington State is a part of the US federal government, 12 Federal Reserve Bank is not a federal government agency, but a non-profit private organization.
The Federal Reserve consists of the Federal Reserve Committee in Washington and 12 Federal Reserve banks in different parts of the United States. The main monetary policy of the Federal Reserve is formulated by the members of the Federal Reserve Board of Directors and the chairman of the Federal Reserve Bank. Avoid too much concentration of policy decision-making power in a few regions (such as Washington and new york).
Baidu Encyclopedia-US Federal Reserve System