The Federal Reserve System‍ ( ‌also known as the Federal Reserve or the Fed) ‌is the central bank of the United States of America. It was created on December 23, 1913. It has 3 key objectives by controlling the monetary policy: maximizing employment, stabilizing prices, and moderating long-term interest rates. In other words, the Fed's job is to foster a sound banking system and a healthy economy. To accomplish its mission, the Fed serves as the banker's bank, the government's bank, the regulator of financial institutions and as the nation's money manager. The Fed conducts research into the economy and releases numerous financial publications.

The term monetary policy refers to the actions that the Federal Reserve undertakes to influence the amount of money and credit in the U.S. economy. Changes to the amount of money and credit affect interest rates (the cost of credit) and the performance of the U.S. economy. To state this concept simply, if the cost of credit is reduced, more people and firms will borrow money and the economy will heat up.

The Federal Reserve System implements monetary policy largely by targeting the federal funds rate. This is the interest rate that banks charge each other for overnight loans of federal funds, which are the reserves held by banks at the Fed. This rate is actually determined by the market and is not explicitly mandated by the Fed. It has more power and influence on financial markets than any government institution. Its monetary policies are closely observed and often become a strong influence in many other countries that follow the Fed's policy changes.

Latest news on The Fed & the Economy

US dollar reaches three-week high on upbeat data - Taipei Times
The US dollar index, a gauge of the greenback's value against six major currencies, rose 0.3 percent to 93.25, its highest since late last month. The index rose ...
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Weekly Fundamental US Dollar Forecast: Taper Talk to Intensify at September Fed Meeting - DailyFX
The US Dollar (via the DXY Index) gained +0.65% last week on the back of rising Fed rate hike odds. Bond and rates markets are now the most aggressive in ...
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Bitcoin: Currency that doesn't really exist, yet it does | Rogersville | therogersvillereview.com
In 2009, Bitcoin became the first fully decentralized digital cash system, created by an entity ... In April of 2011, one Bitcoin was worth one US dollar.
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Afghanistan's Economic Meltdown Leaves Ordinary Citizens Scrambling to Survive - WSJ
That money is only a fraction of Afghanistan's own reserves, most of which have been frozen by the U.S. and the International Monetary Fund. Former police ...
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We utilize mid-market currency rates to convert PKR to USD currency pair. 3 GHz Clock-Speed with Radeon HD ... Conversion rates US Dollar / Pakistani Rupee.
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160 usd to idr, Currency conversion rates from Turkish lira to U.S. Dollar today Tue, 22 Dec 2020: convert from TRY to USD and also convert in a reverse ...
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56 ALL according to the 'Open Exchange Rates', compared to yesterday, the exchange rate increased by -0. 54959 Australian Dollar: 20 United States Dollar: 27.
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