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Maybe you only think about the Federal Reserve when interest rate decisions make headlines. However, the Fed does much more than that, and it often impacts Americans' personal finances.
Discover how Fed rate moves affect your money.
The Federal Reserve acts as a bank for banks. It holds bank deposits, lends money to financial institutions, and facilitates the process by which banks borrow funds from each other.
The Federal Reserve also ensures the smooth operation of the banking system and guides the nation's economy by managing U.S. currency and by steering interest rates.

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2 days ago

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