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The US federal reserve system is the central banking system of the US that was established in 1913. It is technically a privately-held corporation, but is responsible for a great deal of economic policy and regulation in the US banking system.
From setting interest rates, to buying and selling US Treasury securities, to supervising and regulating banks and much more – the federal reserve system is the foundational framework behind how all money flows in the US.
That said, there are numerous other interesting wrinkles that go into how banks work with – and outside of – the federal reserve. We’ll teach you all of it in our “The Raging River of Money” course. Get the free FlashCourse app for iOS and Android to learn more.
The Raging River of Money
Chapters In This Course Include…
- The Circulation
- The Money Cycle
- The Federal Reserve
- Roles of the Fed
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