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Financial Dictionary

Financial Dictionary - definitons of investment, economic and financial terms

Atlantic Financial


Atlantic Financial


Investment Word

US Federal Reserve (The Fed)

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US Federal Reserve (also known as "The Fed") sets the interest rates for the country's debt. The US Federal Reserve is one of the most important driving forces in the movement of the markets and economy in both America and the world.
As of 2007, Ben S. Bernanke is the current Chairman of the Board of Governors of the Federal Reserve System.
Mr. Bernanke replaced outgoing chairman, Alan Greenspan.

The US Federal Reserve is comprised of:


A presidentially-appointed Board of Governors


The Federal Open Market Committee


There are twelve Regional Federal Reserve Banks.

One is located in each of these cities:


Boston


New York


Philadelphia


Cleveland


Richmond


Atlanta


Chicago


St Louis


Minneapolis


Kansas City


Dallas


San Francisco


Numerous private member banks, which own varying amounts of stock in the regional Federal Reserve Banks.

Related Topics: Benjamin Strong, Jr.

US Federal Reserve (The Fed) - definition

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