The US central bank is called the Federal Reserve System. In order to support the efficient running of the American economy and, more broadly, the public interest, it carries out five general duties. The Federal Reserve
maintains the stability of the financial system and works to reduce and contain systemic risks through active monitoring and engagement in the United States and overseas;
promotes the safety and soundness of individual financial institutions and keeps an eye on their effects on the financial system overall;
and implements the country’s monetary policy to support maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations. It also fosters the safety and efficiency of payment and settlement systems by providing services to the banking sector and the US government that enable transactions and payments made in US dollars.
Our Team
Meet Our Qualified Team
Jerome H. Powell
Chair
Philip N. Jefferson
Vice Chair
Michelle W. Bowman
Vice Chair for Supervision
Lisa D. Cook
Adriana D. Kugler
Christopher J. Waller
Michael S. Barr
The federal reserve, the central bank of the United States, provides the nation with a safe, flexible and stable monetary and fiancial system.
