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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4 Tricks to Help You Save MorePsychology and money are linked. Learn how you can use this to help you save more throughout 2026.
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Who Counts as Family on a Mobile Phone Plan?Family phone plans aren’t just for parents and kids anymore. Here’s who can share a plan, how much you can save and what to watch out for before you bundle.
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Why Your Home Insurance Might Not Protect You If Someone Else Lives ThereLetting a relative stay in a second home or inherited property can quietly change your insurance coverage and leave you exposed to costly liability claims.
