In the united states, the federal reserve is in charge of monetary supply and control.
The Federal Reserve System, also known as the Federal Reserve or simply "the Fed," is the United States' central bank. The Congress established it to provide the nation with a more secure, flexible, and stable monetary and financial system.
President Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913, establishing the Federal Reserve. Today, the Federal Reserve's responsibilities are divided into four categories.
Its mission is to strengthen and stabilise the country's monetary system. It provides financial services to the government, regulates financial institutions, manages the payment system, enforcing consumer protection laws, and implementing monetary policy.
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