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Published 1 year ago

The Federal Reserve: Who Are They and What Do They Do?

Summary by Ground News
The Federal Reserve is the central bank of the United States. The 12 Federal Reserve Banks are the operating arm of the Federal Reserve. The Federal Open Market Committee (FOMC) manages open market operations by buying and selling securities. The FOMC is made up of the Board of Governors and the president of the Reserve Bank of New York.

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