does this flow okay? Economics Analysis Assignment The Federal Reserve, often referred to as the Fed, is the central bank of the United States of America. Established by Congress in 1913, its mission was "to provide the nation with a safer, more flexible, and more stable monetary and financial system." (Structure and Functions of the Federal Reserve System, n.d.) The Federal Reserve's extensive responsibilities and duties, which include promoting financial system stability, consumer protection, employment, and safety of financial institutions, and fostering payments and settlement safety, are crucial to our nation's economic health. (Federal Reserve Board- About the Fed, 2024) However, its role has not been without controversy, with some citizens questioning whether its practices overstep biblical principles, such as integrity, honesty, and stewardship, as well as operating as a monopoly. There are several reasons why some individuals perceive the Federal Reserve as a monopoly. A monopoly is defined as "a situation where a single company or entity imposes an unreasonable restraint on competition within a market" (Legal Information Institute - Monopoly, n.d.). The Federal Open Market Committee (FOMC), a vital component of the Federal Reserve, manages the nation's money supply (Federal Reserve Board - About the Fed, 2024). The Federal Reserve's distinct powers, such as exclusive control over U.S. currency, the ability to influence interest rates, and the capacity to control in