To the beginner investor and most noninvestors, it seems as though the Federal Reserve System acts in a cloak-and-dagger manner. Eight times a year, the Federal Open Market Committee issues its determination for policy on the federal funds rate, and this tends to be the most covered and visible action that comes out of the Fed. But as recent events show, there is more that the Fed can and will do to impact the markets and our lives. This article covers five things every investor must know about the Fed and why. [Hat Tip to FinanceProfessor.com]
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