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Euro set for third weekly decline as hawkish Federal Reserve outlook weighs
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- Published
- Sep 25, 2026, 3:38 PM UTC
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Federal Reserve
Central banking system of the US
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the American monetary system. Although an instrument of the U.S. government, the Federal Reserve System is considered an independent central bank due to its structural insulation from political interference.
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