The Federal Reserve is responsible for managing the federal budget. True. False.

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Darnell Park

12 September, 16:18

The Federal Reserve is responsible for managing the federal budget. True. False.

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Elena Hayes · Answer 1

False. The Federal Reserve is the US's central bank. Congress established it in order to provide US citizens with a more secure, more flexible, and more stable financial system. It does not manage the federal budget.

Landin · Answer 2

False. The Federal Reserve is responsible for managing the federal budget.