What Does The FED Actually Do?

As follow up to my last article on the FED, I figured I would explain what exactly the FED is and does… Born out of the 1913 Act the Federal Reserve Board was created.The Federal Reserve System, or more commonly known as the FED was created to carry out monetary policy. The FED is made up of the Board of Governors (7), including the Federal Open … [Read more...]

Who Cares about the FED?

The news from notes of the FOMC meeting of possibly, maybe, could be, sometime (you get the idea) ... tapering off their bond purchases seemed to spook investors a couple weeks ago, and the market dropped 4%. Last week, FED Chairman Bernanke spoke about his desire to keep the bond buying program going until the end of 2013, in order to confirm the … [Read more...]