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What is the Fed?

The Fed is the Federal Reserve, which is the central bank of the United States. The Fed is responsible for conducting monetary policy in the United States, which means that it sets interest rates and manages the supply of money in the economy in order to achieve its objectives of low and stable inflation and full employment. The Fed is an independent government body, and its decisions are made in the best interests of the U.S. economy and the public. The Fed also plays a role in promoting the stability of the financial system and regulating the payment systems used in the United States.

“Truth is the most valuable thing we have. Let us economize it.” – Mark Twain

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