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What is the Federal Reserve ("The Fed")? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

The Federal Reserve is one of 12 regional banks throughout the U.S. established to implement the policies of the Federal Reserve Board (that influence interest rates, for example), conduct economic research, maintain reserves (like an emergency fund) and supervise and lend money to member banks in their areas. 

 

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