The Next Discount Rate Change by Steven M. Morris
ARTICLE SYNOPSIS ...Here's a review of the changes in the discount rate, and the implications for investors.
The Federal Reserve Act of
1913, modified by the banking
acts of 1933 and 1935, created
the Federal Reserve System,
the central bank of the United
States. The responsibilities of
the Fed, as it is commonly
known, falls into four categories.
The Fed supervises and
regulates the banks to ensure
the safety and financial soundness
of the country's banking system. It maintains the stability
of the financial system and contains any systematic risk
that may arise in the financial markets. It provides financial