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The FED -- new legislation?

The FED government or the Federal Reserve private?

When we read news articles, we have to think whether the FED is referring to the government or the Federal Reserve.


* Too-Big-To-Fail Legislation Would Curb Fed's Authority

The Fed would play less of a role in handling firms that pose a systemic risk to the economy, giving more authority to a council composed of several regulatory agencies

http://www.cnbc.com/id/33314791