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Everything you need to know about the Fed, America’s central bank, which probably helped you buy a house last year

Federal Reserve coronavirus

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If you’ve ever taken out a loan, held cash in a savings account, saved for retirement, or received a stimulus check during the pandemic, the Federal Reserve played a role in your financial life.

Most Americans know next to nothing about it — more than 75% polled by Ipsos for Axios said they know “a little” or less about the Fed and what it does.

Imagine an entity that creates money out of thin air with just a few keystrokes. A bank so powerful that it could lend a country trillions of dollars in a crisis. details ⇒

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