FED Federal Reserve System
It was established on December 23, 1913 under the Federal Reserve Act after a series of financial crises.
The banking system of the United States of America is one of the most influential central banks in the world.
Since the US dollar occupies almost 90% of transactions in the currency market, so the Fed's decisions affect the value of many currencies, metals, indices and oil.
The Federal Open Market Committee is the body responsible for making decisions on federal interest rates.
This committee consists of 7 members In addition to 5 presidents of 12 federal banks in different provinces.
the Fed targets long-term price stability and the continuation of The economic growth rate. the commission meets 8 times every year.
Jerome Powell is the current Chairman of the Federal Reserve.
