|
The United States Federal Reserve System (Fed.Res) is the central banking system of the United States. Its primary role is to conduct monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates. The Federal Reserve is led by the Chair of the Federal Reserve Board of Gorvenors, who oversees its various functions, including monetary policy formulation, supervision of banks, and maintaining financial stability.
The Federal Reserve's roles are only accessible via the Party Politics gamepass which was released in the Full faith and credit (v3.3) update.
Functions edit edit source
The Federal Reserve is responsible for conducting monetary policy to promote maximum employment and stable prices. It also supervises and regulates banks, ensures financial stability, facilitates efficient payment systems, and serves as a lender of last resort during financial crises. Additionally, the Fed conducts economic research to inform its policies.
Roles edit edit source
Chair of the Federal Reserve Board of Governors edit edit source
The Chair of the Federal Reserve Board of Governors, known as the Fed.Res (C), represents the Federal Reserve publicly, oversees the Board's activities, manages financial crises, and advises the President on economic issues.
Member of the Federal Reserve Board of Governors edit edit source
Members of the Federal Reserve Board of Governors, known as the Fed.Res (G), formulate monetary policy, oversee bank supervision, conduct economic research, advise the Chair, and engage with the public on the Federal Reserve's objectives.
Features edit edit source
The board was added on Oct 11, 2024, which brings a whole new outlook on the game's economic section, which could present a new and improved game stat useful when discussing economic factors. Such as the game's new gamepass which presents a board of members that decide on the financial plans of the country. The pass brings features that could help the House and Senate to the Press Roles.