2 Matching Annotations
  1. Jun 2019
    1. Federal Reserve System

      The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.

  2. Aug 2017
    1. real interest rates are determined by a wide range of economic factors, including prospects for economic growth—not by the Fed.

      Real interest rate = interest rate - inflation