If you’ve ever turned the tv to a financial news channel, you’ve probably heard the term “the Fed.” But who, or what, exactly is the Fed? And why does it matter to you. Here, we explain the Federal Reserve System, or the Fed, and explore how its decisions can affect your everyday life. What is the Fed? “The Fed” stands for the Federal Reserve System, the USA’s central banking system. It was established by Congress in 1913 and is an
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