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Federal Reserve

Central banking system of the United States

The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.

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Stocks notched their best quarter in decades, as government stimulus and help from the Fed helped markets start to recover from the damage of COVID-19 at the..
Credit: USATODAY.com - Published 4 days ago

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She was the first female officer of the Federal Reserve Bank. Later, in another first, she ran a commercial bank largely owned and operated by women.
Credit: NYTimes.com - Published 5 days ago

Stocks slid Friday, as investors weighed the Fed's move to temporarily suspend shareholder payouts by big banks ahead of a potential recession.
Credit: USATODAY.com - Published 1 week ago