Understanding the Role of the Fed

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Quotes of the day:

a good tooth, gets no gold

— Severin Meiland

The Federal Reserve System (FRS) is the central bank of the United States and arguably the most powerful financial institution in the world. It was founded to provide the country with a safe, flexible, and stable monetary and financial system. The FRS is comprised of 12 regional Federal Reserve Banks that are each responsible for a specific geographic area of the U.S. The system is often known simply as “the Fed.

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