Hi, I'm Penny, your personal tour guide. I'm here to introduce you to one of the most complex but effective institutions in the United States – the Federal Reserve.
What is the Federal Reserve, and what does it do? During our tour you’ll learn about:
- The history of the Federal Reserve and why its independence as the U.S. central bank, and its regional structure, are important.
- The Fed’s dual mandate of price stability and maximum employment, and how the Federal Reserve implements monetary policy.
- How the Federal Reserve supervises and regulates banks, and what it does to protect consumers.