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Federal Reserve System

About

The Federal Reserve is the central bank of the United States, created by the Federal Reserve Act of 1913 to establish a monetary system that could respond effectively to stresses in the banking system. The Federal Reserve System performs five key functions that serve all Americans and promote the health and stability of the U.S. economy and financial system. It conducts the nation's monetary policy to promote maximum employment and stable prices, promotes financial system stability by monitoring risks and responding to emergencies, supervises and regulates financial institutions to ensure the safety and soundness of the banking system, fosters payment and settlement system safety and efficiency, and promotes consumer protection and community development through fair lending enforcement and economic education initiatives.

The Federal Reserve System consists of three key entities: the Board of Governors in Washington, D.C., a federal agency with seven members nominated by the President and confirmed by the Senate; 12 Federal Reserve Banks operating as the decentralized operating arms serving their respective geographic districts; and the Federal Open Market Committee (FOMC), which sets crucial U.S. monetary policy through regular meetings. Together, these entities continuously gather and analyze economic data from across the nation and abroad to formulate effective policies that maintain a healthy U.S. economy and stable financial system. The Fed operates independently within government while remaining accountable to Congress, ensuring its decisions reflect the economic conditions and perspectives of households, communities, and businesses throughout the country.

Open roles at Federal Reserve System

Explore 1 open positions at Federal Reserve System and find your next opportunity.

FR

Cyber Security Engineer Principal

Federal Reserve System

Boston, Massachusetts, United States (On-site)

$170.2k – $255.2k Yearly4h ago

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