OFF GRID WEALTH MANAGEMENT: THE DIGITAL FRONTIER

HERE IS WHAT YOU NEED TO KNOW.

UNDERSTANDING THE FEDERAL RESERVE AND DIGITAL CURRENCY

The Federal Reserve, often referred to as the Fed, is the central bank of the United States. Its primary role is to oversee monetary policy, regulate banks, and maintain stability in the financial system. In recent years, there has been increasing interest and discussion about the potential integration of digital currency into the financial system, raising both opportunities and risks. WHAT IS THE FEDERAL RESERVE? The Federal Reserve was established in 1913 through the Federal Reserve Act, signed into law by President Woodrow Wilson. It consists of twelve regional banks and a Board of Governors appointed by the President of the United States. The Fed conducts monetary policy by influencing the supply of money and credit in the economy, primarily through setting interest rates and regulating banks. The Federal Reserve banks ARE NOT a part of the Federal government. The Board of Governors —located in Washington, D.C.—is the governing body of the Federal Reserve System. It is run by seven members, or “governors,” who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.

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