US Federal Reserve (also known as "The Fed") sets the
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
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:
Numerous private member banks, which own varying amounts of stock in the
regional Federal Reserve Banks.
Benjamin Strong, Jr.
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US Federal Reserve