The Federal Reserve is the central banking system of the United States, often referred to as the Fed. It was created in 1913 with the enactment of the Federal Reserve Act, primarily to address banking panics and to influence the availability and cost of money and credit. The Fed’s duties have expanded over time, and today, it serves as the primary implementer of U.S. monetary policy, and it regulates and supervises banks to ensure the safety and soundness of the nation’s banking and financial system.
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Jenna Lofton, MBA is a stock trading and investment expert with over a decade of experience in the financial industry. She began her career as a financial advisor on Wall Street and now helps everyday investors make smarter financial decisions through StockHitter.com.
Her insights simplify complex financial topics into actionable strategies for beginners and seasoned traders alike.