Quiz: How Well Do You Know the Fed?
Test your basic knowledge of the Federal Reserve and how its actions impact your money in our quick quiz.
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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Visa Stamps the Dow's 398-Point Slide: Stock Market TodayIt's as clear as ever that President Donald Trump and his administration can't (or won't) keep their hands off financial markets.
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State Tax Changes 2026: Is Your State Cutting (or Raising) Taxes This Year?Tax Changes As a new year begins, taxpayers across the country are navigating a new round of state tax changes.
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Who Said That? Match the US President to the QuotationWho better to give advice on aging, retirement and finances than a U.S. president? Our short quiz will determine whether you're a history buff or buffoon.
