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 Q3 2022 Forecast: Dollar's Run Relies on Rates, Recession and Risk - DailyFX
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Well, At Least the US Dollar ETFs Are Up This Year - ETF Trends
U.S. dollar currency-related exchange traded funds have been among the few bright spots in a year marked by global turmoil.
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U.S. dollar climbs as sterling weakens - Big News Network.com
NEW YORK July 1 Xinhua -- The US dollar appreciated in late trading on Friday amid weakness in the British pound The dollar index which measures ...
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Dollar Boosted by Safety Bid on Rising Recession Fears - US News Money
NEW YORK (Reuters) - Pessimism about the global economic outlook boosted demand for the safe-haven U.S. dollar on Friday while the Australian dollar, ...
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Speculators trim long U.S. dollar bets in latest week - Yahoo Finance
Speculators trimmed their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures ...
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Modeling the stochastic volatility of MAD/EURO and MAD/USD the exchange rates by the ...
This work proposes a modelling of the. JM2. Page 3. EURO/MAD and USD/MAD exchange rates to facilitate the prediction of the exchange rate and also to ...
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Apple Increases Prices in Japan by Up To 25% - MacRumors
Apple today increased the price of iPhone, iPad, and Apple Watch models in ... rates), which made the JPY depreciate (or the USD appreciate).
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SuperStep price today, SGMT to USD live, marketcap and chart | CoinMarketCap
Get the latest SuperStep price, SGMT market cap, trading pairs, charts and data today from the world's number one cryptocurrency price-tracking ...
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USD/CAD Price Forecast ' Canadian Dollar Is Losing Ground - Yahoo Finance
In case the U.S. Dollar Index manages to settle above 105.50, it will move towards the yearly highs near 105.80, which will be bullish for USD/CAD.
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