The Federal Reserve has been making monetary policy decisions in the U.S. since it was created by Congress in 1913 as part of the Federal Reserve Act.
More recently, Fed meetings have become must-watch events on Wall Street after inflation hit a pandemic-induced 40-year peak in 2022 – which forced the central bank into an aggressive rate-hiking campaign that lifted the federal funds rate to its highest level in more than two decades.
With the next Fed meeting on deck, we decided to test your knowledge on the Federal Reserve. Don't worry if you miss an answer or two. We've included links to several of Kiplinger's most popular Fed articles at the end of this quiz.
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More on the Federal Reserve, from the Kiplinger team:
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A Checklist for a Comprehensive Retirement PlanA successful retirement is built on a solid foundation of careful planning and self-awareness. Here are nine areas you should plan for if you want to retire with confidence.
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Government Shutdown to Delay Data, Including Key Jobs ReportWhile government shutdowns typically don't impact stock returns, they can delay the release of key economic data – including the monthly jobs report.
