How does the Federal Reserve work with the central banks in other countries? Select answer from the options below The Federal Reserve works with U.S. companies to remain competitive in the global market to transfer funds between savers and borrowers, which requires assistance from other nations' central banks. In concert with other countries' central banks, the Federal Reserve oversees financial markets and institutions that cater to contemporary businesses around the world. Because the United States is part of an integrated network of global markets and banking institutions, the Federal Reserve's monetary policy is to handle economic crises at home before they spread to other nations and lead to global problems affecting billions of people. The Federal Reserve is an important component in the global financial system because it sets standards that the rest of the world emulates, and it dictates financial and monetary policy that is observed globally