Federal Reserve

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Dan Kwan
Dan Kwan's picture
Federal Reserve

hi,

I have been reading a lot financial articles about the Federal Reserve but i still don't understand what is the purpose of the Federal Reserve System?

how it works ?

Thank you

Jason Pride
Jason Pride's picture

Hi Dan,

The purpose of the Federal Reserve System is to act as the central bank in the US, set monetary policy, interest rates, etc. The reserve system is made up of a board of governors, board of directors, reserve banks, and an open market committee.

You can read all about the Federal Reserve System here: http://www.federalreserve.gov/
Its structure and composition here: http://www.federalreserve.gov/pubs/frseries/frseri.htm

Dan Kwan
Dan Kwan's picture

Hi Jason,

Thank you for answering me . I read a little bit from the link you sent me and it's getting clearer.