The U.S. shutdown continues unabated into its second week with no signs that an end is on the horizon. Some 800,000 workers are currently on “furlough” without any income (as we advised last week, starting a home business is a good strategy for these folk).
One part of the system that has remained open during this period is the U.S. Federal Reserve. The Fed doesn’t cost the government any money to run and hands off any profits to the Treasury.
But there are many in the U.S who worry about the future of the Fed and whether the U.S. will default on its debt for the first time in its history later this month.
How much do you know about the U.S. Federal Reserve and how it affects the overall economy?
Image source: www.online-accounting-degrees.net