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

10 Money Tests Every 40-Year-Old Should Pass - YouTube
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Money Monday Newsletter! - Chugachmiut
Cama'i. Explore this week's Money Monday Funding Opportunities newsletter from the Chugachmiut Grant Department for March 3!
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That's Why You Can't Make Money - Medium
I don't have any problem thinking of making money or obsessing about making money. It's our eventual goal to enjoy life.
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They need that money. - Instagram
2967 likes, 112 comments - tonybaker on March 3, 2025: "They need that money.".
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Rupee falls 8 paise to 87.40 against US dollar during early trade - Business Standard
The rupee declined 8 paise to 87.40 against the US dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and a ...
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Ringgit opens higher against US dollar - thesun.my
KUALA LUMPUR: The ringgit kicked off the day by opening higher against the US dollar on Tuesday amid traders awaiting details of the United States ...
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U.S. dollar strength to remain; Fed to hold interest rates until December: Oxford Economics - CNBC
Innes McFee, managing director of macroeconomic and investor services at Oxford Economics, discusses the outlook for the U.S. dollar and adds that ...
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Rupee Decline Against US Dollar: Fell 8 paise to 87.40 - Groww
The rupee opened at 87.38 and then dropped to 87.40 against the American dollar in the interbank foreign exchange. Factors Influencing Rupee. US ...
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U.S. dollar strength might already be fully reflected in the price: CLSA - YouTube
Alex Redman of CLSA says that on the basis of multiple ways of valuing the U.S. dollar, it might be reasonable to think that it could weaken ...
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Rupee falls 8 paise to 87.40 against US dollar in early trade - Deccan Herald
The rupee depreciated 8 paise to 87.40 against the US dollar in early trade on Tuesday (March 4 , 2025).
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