5 Things You Need to Know About the Federal Reserve

In honor of Veterans Day, we’re breaking down what you need to know about the Department of Veterans Affairs.

  1. The Federal Reserve System is the central bank of the United States and the most powerful financial institution in the world. 
  2. The Federal Reserve is the result of compromise. 
  3. The Federal Reserve is the US government’s bank. 
  4. The Federal Reserve is also the banks’ bank. 
  5. The Federal Reserve has our best tools to confront inflation.

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