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

Betty White beer on tap at Siouxland brewery raising money for local animal shelters | KMEG
A local brewery is celebrating the life of Betty White on Monday, January 17th with the re-release of its popular white stout beer and a ...
>> Read more here

How to check for unclaimed money for Michigan residents - Lansing State Journal
Michigan's Unclaimed Property division maintains a searchable database of money residents may have left in a forgotten bank account or uncashed ...
>> Read more here

Becka's Beat: Wear the mask and put your money to better use | KPTM
Becka's Beat: Wear the mask and put your money to better use. by Tom Becka (KPTM). Sunday, January 16th 2022. UserWay icon for accessibility widget.
>> Read more here

FCA looks to use criminal powers in anti-money laundering probes | Financial Times
The UK's financial regulator is exploring using criminal powers that led to a landmark conviction of NatWest in two other anti-money laundering ...
>> Read more here

Investing Steps For Making Money Systematically In 2022 - Moneycontrol
Investing steps for making money systematically in 2022. Start SIPs (systematic investment plans) in a few equity mutual funds with proper ...
>> Read more here

EUR/USD Tries To Rebound At The Start Of The Week - FX Empire
The U.S. Dollar Index has recently made an attempt to settle above the resistance at 95.20 but failed to develop sufficient upside momentum and pulled ...
>> Read more here

Pound / Dollar Week Ahead Forecast: Supported at 1.3612 as Upside Risks Linger
'Our foremost explanation is that global investors were extremely long US stocks and bonds relative to their benchmarks and the Fed's tightening has ...
>> Read more here

Dollar finds footing as traders brace for hawkish Fed | ZAWYA MENA Edition
The U.S. dollar index, which declined sharply last week until Friday's leap, sat at 95.225 in Asia on Monday - ZAWYA MENA Edition.
>> Read more here

Rupee trades in a narrow range in early session against US dollar | Business Standard News
At the interbank foreign exchange, the rupee opened lower at 74.18 against the American dollar, then inched higher to 74.16, registering a fall of 1 ...
>> Read more here

Currency traders prepare for interest rate hikes as US dollar hangs on - Nairametrics
In the wake of Friday's dollar and U.S. yield jumps, these moves underscore support for the greenback from hawkish rates outlooks, even as momentum ...
>> Read more here

Seoul stocks hit 7-week low on inflation risk - The Korea Herald
The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) slid 31.82 points, or 1.09 percent, ...
>> Read more here

Obama and the economy
Obama economy
Putin and the economy
Putin economic
Greenspan Economics
Alan Greenspan economics
The FED and the economy
Federal Reserve economy
International Monetary Fund
IMF economics
World Bank & the economy
World Bank economy
Deutsche Bank
Deutsche Bank economy
European Union economy
European Union economy
China economy
China economy
NAFTA and the economy
NAFTA and the economy
GOLD in the economy
GOLD in the economy
SILVER in the economy
SILVER in the economy