The Fed is the Federal Reseve System which is designed to mitigate or end inflation: (one of it's jobs)

 

begin quote from:

https://www.google.com/search?client=firefox-b-1-d&q=the+fed

Federal Reserve System

Central bank

The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Wikipedia

Chairperson: Jerome Powell

Founded: December 23, 1913