Federal Reserve

The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system.The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates.
Posts about Federal Reserve
  • Mortgage Rates Move Higher After Fed Raises Short-Term Interest Rates

    …. But as with all good things, these mortgage rates had to come to an end sometime. We all knew it was coming, but it won’t be as bad as we might have thought. The Federal Reserve Has Taken Action As a mortgage professional, you probably keep pretty close tabs on the goings-on in your industry, so you’re already aware that the Federal Reserve has been…

    Matty Byloos/ RGR Marketing- 9 readers -
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