Posted by Scott on 10/14/10
The FED is the central bank of the United States of America. It is the seat of power of the banking cartel that controls the money system, created by an act of Congress which granted the FED its monopoly powers.
As the authority over the money system, the FED is responsible for the economic booms and busts experienced by the American economy. The FED openly publishes most of its activities and many useful statistics, which can be used by clever economists as a resource for understanding what is going on, and what is likely to happen, in the economy at large.
Links:
The St. Louis FED Website
The Monetary Base (BASE)
M1
M2
The FED's Balance Sheet Composition
