Lucia Hrusovska

The Federal Reserve system is going to make another change in interest rate. As we all know, the Federal Reserve system, also called just the Federal Reserve or the Fed, is the central banking system of the United States. Between the main purposes of the Fed belong for example furnishing an elastic currency, establishing a more effective supervision of banking in the United States and many others. The primary motivation for drawing up the Federal Reserve was to address banking panics. Currently, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserved System. In these days, he together with his colleges are taking part in meeting, where they want to decide, how the interest rate will look like in the next days. They are considering about little cut in interest rate, which could impact as a fresh pulse on the economy. An expected interest rate should decrease by one-quarter percentage and finally set on a value of 2 percent at the end of a session Federal Reserve System representatives. At the fist sight, it could seem, that final decision and value of interest rate will mean no changes to us, ordinary people, but on the other hand, investors are holding their breath for the Fed at the moment and hope, that the direction of Fed policy stays in balance. This way or another, the Federal Reserve System is in front of a big challenge and a quite difficult decision between helping the faltering economy and preventing inflation from taking of.

related story: Fed poised to cut rates

by Lucia Hrusovska for PocketNews (http://pocketnews.tv)

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