Question

Which of these ultimately controls the money supply in the united states?

Answer 1

The Federal Reserve System is the central banking system of the United States. The primary motivation for creating the Federal Reserve System was to address banking panics. Other purposes are stated in the Federal Reserve Act, such as "to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States. It is what controls the money supply in the US.