The Federal Reserve is the central banking system of the United States, often referred to as the Fed. It was created in 1913 with the enactment of the Federal Reserve Act, primarily to address banking panics and to influence the availability and cost of money and credit. The Fed’s duties have expanded over time, and today, it serves as the primary implementer of U.S. monetary policy, and it regulates and supervises banks to ensure the safety and soundness of the nation’s banking and financial system.
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About the author
Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.
Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.