as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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summarize the functions of the federal reserve.
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the federal reserve is the central bank of the united states. its primary roles are to promote stability and growth in the economy by providing an elastic currency, overseeing banks and financial institutions, and implementing monetary policy. the federal reserve seeks to maximize employment, maintain long-term interest rates, and stabilize prices. as the global central bank for the u.s., the fed also plays a critical role in international banking and advises on global economic policy.
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