What is the primary focus of the Federal Reserve System?

The primary focus of the Federal Reserve System centers around interest rate control. As the central bank of the United States, the Federal Reserve manages monetary policy largely through influencing interest rates. By adjusting the federal funds rate, the Fed aims to achieve key economic objectives, including stable prices, maximum employment, and moderate long-term interest rates. This is vital as interest rates directly affect borrowing costs for consumers and businesses, thereby influencing spending, investment, and overall economic growth.

While tax enforcement, property regulation, and housing market analysis may impact economic conditions, they do not fall within the core functions of the Federal Reserve. The Fed does not have a direct role in tax policy or enforcement, nor does it regulate property in the traditional sense. Instead, its goal is to oversee and guide the banking system and ensure economic stability through effective management of interest rates and the money supply.