The Federal Reserve System, or simply the Fed, is the central bank of the United States

Assignment Details
The Federal Reserve System, or simply the Fed, is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and the public interest.
The Fed uses monetary policy to address the economic goals of Congress. To understand the factors of economy, you must understand the role of the Federal Reserve and the use of monetary policy.
This assignment will allow you to learn and understand what the Federal Reserve is, why it is important, and how it works.
Using what you have learned, write a paper that addresses the following:

Describe a brief overview of the Federal Reserve System, who owns it, its structure, and its objectives.
Define monetary policy.
Explain how the Federal Reserve works with Congress to implement monetary policy actions.
Assess the role of the Federal Reserve and the tools it employs to control the supply of money through its monetary policy actions. (Look at the actions the Federal Reserve takes and evaluate the results of those actions.)

Use this APA Template to prepare your paper: U1IP Assignment Template.
Use APA 7th edition formatting, and include at least 3 scholarly sources (do not use Web site articles or books, except your textbook).
References
The Federal Reserve. (2024a). About the Fed. Retrieved June 10, 2024, from https://www.federalreserve.gov/aboutthefed.htm
The Federal Reserve. (2024b). Monetary policy. Retrieved June 10, 2024, from https://www.federalreserve.gov/monetarypolicy.htm