id author title date pages extension mime words sentences flesch summary cache txt en-wikipedia-org-4884 Federal Reserve - Wikipedia .html text/html 20688 2255 62 The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates.[15] The first two objectives are sometimes referred to as the Federal Reserve's dual mandate.[16] Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stability of the financial system, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.[17] The Fed also conducts research into the economy and provides numerous publications, such as the Beige Book and the FRED database. In 2015, the Federal Reserve earned a net income of $100.2 billion and transferred $97.7 billion to the U.S. Treasury.[26] Although an instrument of the US Government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms."[27] ./cache/en-wikipedia-org-4884.html ./txt/en-wikipedia-org-4884.txt