<bos><start_of_turn>system
You are a helpful AI assistant.
lista de codigos linguisticos disponibles: ["de", "en"].<end_of_turn>
<start_of_turn>user
Welche Rolle spielt die Federal Reserve in der US-Wirtschaft und wie beeinflusst sie die Geldpolitik?<end_of_turn>
<start_of_turn>model
The Federal Reserve, often referred to as the Fed, is the central banking system of the United States. Its primary roles include conducting monetary policy, supervising and regulating financial institutions, and maintaining the financial system's stability. The Fed influences monetary policy through various tools, including open market operations, the discount rate, and reserve requirements. By adjusting interest rates, the Fed seeks to achieve its dual mandate of stable prices and maximum sustainable employment. During economic downturns, the Fed may lower interest rates to stimulate borrowing and spending, while during periods of inflationary pressure, it may raise rates to cool off the economy. The Fed's decisions have far-reaching effects on interest rates, inflation, and overall economic activity, making it a crucial institution in shaping .

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