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This answer is from What government agency supervises the banks?

Kristen Sullivan
FiLife Contributor
2 months ago

Hi Oscar,

The Federal Reserve (the "Fed") is the central banking system of the U.S.

Dave Kansas wrote about the Fed's ability to influence monetary policy here: http://www.filife.com/guides/the-federal-reserve-and-its-toolbox

Wikipedia provides a nice description here: http://en.wikipedia.org/wiki/Federal_Reserve_System

Hope that helps,
Kristen

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