{"id":1067,"date":"2018-08-10T20:39:52","date_gmt":"2018-08-10T20:39:52","guid":{"rendered":"https:\/\/scrantonfg.com\/glossary\/federal-reserve-system-the-fed\/"},"modified":"2018-08-10T20:39:52","modified_gmt":"2018-08-10T20:39:52","slug":"federal-reserve-system-the-fed","status":"publish","type":"glossary","link":"https:\/\/scrantonfg.com\/glossary\/federal-reserve-system-the-fed\/","title":{"rendered":"Federal Reserve System (The Fed)"},"content":{"rendered":"<p>The United States\u2019 central bank. The Federal Reserve System consists of a series of 12 independent banks that operate under the supervision of a seven-member, federally appointed board of governors. The Fed strives to maintain maximum employment, stable price levels, and moderate long-term interest rates. It establishes and enforces the regulations banks, savings and loans, and credit unions must follow. It also acts as a clearing house for certain financial transactions and provides banking services to the federal government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States\u2019 central bank. The Federal Reserve System consists of a series of 12 independent banks that operate under the supervision of a seven-member, federally appointed board of governors. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":122,"template":"","meta":{"inline_featured_image":false},"_links":{"self":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary\/1067"}],"collection":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/users\/4"}],"version-history":[{"count":0,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary\/1067\/revisions"}],"wp:attachment":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/media?parent=1067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}