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Q:  How does the Federal Reserve affect me?  

A:

    

As the central bank of the United States, the Federal Reserve’s mission is to help provide us all with a safer, more flexible and more stable monetary and financial system. 

The Federal Reserve, often called simply the Fed, conducts the nation’s monetary policy, affecting the interest rates you pay and receive, as well as the economy and job market. 

The Federal Reserve also regulates banking institutions and protects your rights as a credit consumer, maintains the stability of the financial system and provides financial services.  

Provided by MSN Money Fast Answers.

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