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

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Kasey Barron

15 May, 07:51

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

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Kelton Morrison · 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.

Tristin Cannon · Answer 2

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