Federal Reserve System

The Federal Reserve System‍—‌also known as the Federal Reserve or simply as the Fed‍—‌is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. Events such as the Great Depression in the 1930s were major factors leading to changes in the system.

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and as of 2009 also include supervising and regulating banks, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Fed conducts research into the economy and releases numerous publications, such as the Beige Book.

The Fed (newspaper)

The Federalist, known colloquially and more commonly as The Fed, is a tabloid-sized (as opposed to broadsheet) newspaper published every three weeks at Columbia University in New York City. Founded in 1986 by Neil M. Gorsuch, Andrew Levy and P.T. Waters, the paper has undergone many changes in mission, style, form, and success, though it has experienced relatively few interruptions in production since the publication of its first issues.

History

1986-1988

The early Fed carried the full "Federalist Paper" masthead and advertised itself as "a newspaper in the tradition of Columbians Hamilton and Jay." The founding members were "a libertarian, a conservative, and a socialist (although no one knows which was which)." The paper's mission was to create a "classically liberal" forum with content centered primarily on issues and news topics considered "politically delicate" at Columbia, such as race relations, discussions as to Barnard's place in the newly co-ed institution, and whether anyone at the school actually listened to the August WKCR. Although welcoming articles from all points of view, the tone tended towards conservativism, although elements of the iconoclastic style of humor that would come to define the paper's "golden era" are also present. Even as early as the first few issues, the paper referred to itself as "the Fed" and wrote editorials in an informal, personal style.

Fed

Fed, The Fed or FED may refer to:

See also