What Is The Federal Reserve?

Can The US Still Call Itself A Wealthy Nation? http://testu.be/1sNPbhs

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This year, The Federal Reserve projected a lower economic growth for the US and so lowered interest rates. So what is the Federal Reserve?

Learn More:
Fed holds off on interest rate hike, downgrades economic forecast
http://www.latimes.com/business/la-fi-federal-reserve-interest-rate-20150617-story.html
“Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it.”

How does the Fed raise interest rates?
http://www.cnbc.com/id/102576943
“When interest rates start rising in the U.S., it will hardly be a surprise.”

The Great Depression According to Milton Friedman
http://fee.org/freeman/detail/the-great-depression-according-to-milton-friedman
“Few events in U.S. history can rival the Great Depression for its impact.”

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