1. The U.S. Treasury Secretary is a member of the U.S. Cabinet, and the U.S. Treasury Department is a federal agency responsible for U.S. finance, taxation and government expenditure. The chairman of the Federal Reserve is the head of the US central bank, responsible to the investors of this private institution, and controls the monetary policy of the US national currency, the US dollar.
2. The U.S. Treasury Secretary is the highest official in the U.S. President's Cabinet who is responsible for the U.S. economy and finance. According to the relevant regulations of the United States, the Treasury Secretary is the chief economic adviser to the President of the United States, making suggestions on dealing with economic problems and making the most critical decisions on the economy, finance, taxation and government expenditure of the United States.
3. The United States Federal Reserve System (Fed) is responsible for performing the duties of the United States central bank. The system was established on 19 13 according to the Federal Reserve Act. This system mainly consists of the Federal Reserve Board, the Federal Reserve Bank and the Federal Open Market Committee.
Extended data:
I. Functional differences between the Federal Reserve and the Ministry of Finance:
1. The U.S. Treasury Department is a subordinate agency of the federal government, which mainly manages government finances.
2. The Federal Reserve is equivalent to the central bank of other countries. It mainly specifies and implements monetary and financial policies, manages the circulation of US dollars, issues US dollars, manages the national treasury, and manages the national gold and foreign exchange reserves.
Second, the relationship between the US Treasury and the Federal Reserve.
1, the Federal Reserve System of the United States (English: Federal Reserve System or Federal Reserve, informally known as the Federal Reserve) is the central bank of the United States.
2. The relationship between the US Treasury and the Federal Reserve is just like that between the China Treasury and the People's Bank of China.
Three. The functions and powers of the US Treasury and the Federal Reserve:
1. The Federal Reserve is a private central bank and is not owned by the state. The state has no right to issue money, but the Federal Reserve has the right.
2. The Ministry of Finance is responsible for financial affairs, formulating economic policies, formulating and implementing fiscal and taxation development strategies, principles and policies, medium and long-term planning, reform plans and other relevant policies; Participate in the formulation of macroeconomic policies; Put forward suggestions on macro-control and comprehensive balance of social financial resources by using fiscal and taxation policies; Formulate and implement distribution policies between the central and local governments and between the state and enterprises. Drafting draft laws and regulations on finance, state-owned capital management and financial accounting management; To formulate and implement financial, financial and accounting management rules and regulations; Organize international negotiations on foreign-related finance and debt, and initialled relevant agreements and agreements.