Ironically, on Wednesday the Fed’s real-time settlement system FedWire went offline for a number of hours. Many financial institutions (including crypto exchanges) were stopped in their tracks as the system went down – an event the technology of which Bitcoin hasn’t experienced in the last 2,907 days.
The Federal Reserve System - also called "The Fed" - oversees the nation's system of money and credit. They print money, control what proportion is out there , adjust long-term interest rates and help steer the economy within the proper direction by keeping prices stable and promoting high employment.
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