Federal Reserve Board
What is it? The central bank of the United States. Founded by Congress in 1913, the Fed is responsible for maintaining the stability of the U.S. economy. Its duties include balancing the supply of money and credit, regulating the banking system, and providing financial services to banks and the U.S. government. Investors closely watch the Fed?s moves, especially when it changes the discount rate, which is the interest rate banks pay for borrowing overnight from the Fed. Raising or lowering the discount rate influences short-term interest rates.Added By: Jason
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