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Federal Reserve (The Fed)

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The Central Banking System of the United States

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 in 1913 with the enactment of theFederal Reserve Act, and was … see full wiki

Tags: Finance, Banks, Money, Currencies, Foreign Exchange, Central Banks, see all

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A Quick Tip by Sharrie

Nov 12, 2010

by Sharrie
posted in Business Matters

Keeping interest rate as low as it had for the longest period has had the financial markets and investment sector having the party of the century until it turned into the nightmare of all time. Now, Alan Greenspan retired and the Fed (imho) has lost its touch. Granted, many blamed Greenspan for the current trouble, just as we all did with Bush. So, what will the Fed do in the future? Keep interest rate as low as it had and export inflation all over the world?

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