Answer to Question #145822 in Economics of Enterprise for Dakota

Question

You
Which other government agency or department will work closely with FED to ensure the US’s economy functions well

Answer 1

The U.S. Treasury is best known for printing money (literally) and offering economic advice to the President.

The Federal Reserve is the U.S. central bank, ensuring lenders and borrowers have access to credit and loans.

The two work together to provide a stable U.S. economy and borrow money when the government needs to raise cash.