In Plain English - Making Sense of the Federal Reserve

A young woman standing in front of a red curtain.

Hi, I'm Penny, your personal tour guide. I'm here to introduce you to one of the most complex but effective institutions in the United States – the Federal Reserve.

What is the Federal Reserve, and what does it do? During our tour you’ll learn about:

  • The history of the Federal Reserve and why its independence as the U.S. central bank, and its regional structure, are important.
  • The Fed’s dual mandate of price stability and maximum employment, and how the Federal Reserve implements monetary policy.
  • How the Federal Reserve supervises and regulates banks, and what it does to protect consumers.

Also watch our In Plain English video:

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