An essential system to the national (and global) economy.
Its Role in our Economy
The Federal Reserve, commonly dubbed as the “Fed,” is the gatekeeper of the U.S. economy. Its role is to regulate the nation’s financial institutions, such as banks, credit unions, etc. It’s always important to keep an eye on markets when it comes to the Fed meetings. The current chair is Jerome Powell. But before you listen to what he says, you must understand the roots of the Fed itself.