What is the Federal Reserve?
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The Federal Reserve, often called the Fed, is like the financial compass of the United States. It's the central bank, and its job is to keep an eye on the country's money and make sure things run smoothly. Think of it as the financial supervisor, steering the economy to keep unemployment low and priRead more
The Federal Reserve, often called the Fed, is like the financial compass of the United States. It’s the central bank, and its job is to keep an eye on the country’s money and make sure things run smoothly. Think of it as the financial supervisor, steering the economy to keep unemployment low and prices stable, all while helping banks and looking out for the well-being of the nation’s wallet.
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