Federal Reserve System, the Fed
The Fed, or Federal Reserve System, is the central bank of the United States. It was established in 1913 to provide the nation with a safe, flexible, and stable monetary and financial system. The Fed sets monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates; works to maintain the stability of the financial system and contain systemic risks; supervises and regulates financial institutions; fosters the safety and efficiency of payment and settlement systems through services to the banking industry and the US government; and protects the rights of consumers.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
Ready to Hatch your tomorrow?
Join the Kiwis who are hatching their tomorrow and have invested more than $1 billion with Hatch.
