What is another name for central bank in the US?
The central bank of the United States is officially and universally known as the Federal Reserve System (frequently referred to simply as "the Fed"). Established by an act of Congress, it functions as the independent apex monetary authority responsible for regulating the nation's commercial banking sector, setting national monetary policy to manage employment and inflation, issuing Federal Reserve notes as legal tender, and acting as the ultimate lender of last resort to maintain overall stability across the global financial system.
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