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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3 Ways to Stretch the 2026 Social Security COLA For Your BudgetThree steps retirees can take to stretch the Social Security COLA to fit their budgets.
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How to Keep Your Charitable Giving Momentum Going All YearInstead of treating charity like a year-end rush for tax breaks, consider using smart tools like DAFs and recurring grants for maximum impact all the year.
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Uber Takes Aim at the Bottom Lines of Billboard LawyersUber has filed lawsuits and proposed a ballot initiative, in California, to curb settlements it claims are falsely inflated by some personal injury lawyers.
