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Federal Reserve & Banking News

The Federal Reserve Bank: The central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies. the "Fed" controls the amount of money in our economy and sets the base cost of borrowing by adjusting the interest rate.

The "Fed" Provides a detailed look at the structure, responsibilities, and operations of the Federal Reserve System. Nothing out there (save nuclear armagedon or the IRS) could impact our financial situation more then the "Fed". Since it controlls the total amount of money in the US economy, it establishes the size ofthe proverbial "pie". It also sets the interest rates that Banks use as a base figure to determine the cost of us to borrow money, it really is the central cog and spoke of our financial system. Everythign the fed does is closely watched, since the tiniest shift in the fed creates massive ripples in the global market. Here are the headlins and updates cominf out of the Federal Reserve System.