---
id: "entity-federal-reserve"
type: "entity"
entityType: "organization"
canonicalName: "Federal Reserve"
aliases: ["The Fed", "Fed", "FOMC"]
source_timestamps: ["00:02:13", "00:11:50"]
tags: ["central-bank", "monetary-policy"]
related: ["claim-fed-rate-cuts", "claim-trump-fed-pressure"]
sources: ["dillian"]
sourceVaultSlug: "jared-dillian-macro-trading-wealth-2026Jun25"
originDay: 6
---
# Federal Reserve

## Profile

The Federal Reserve is the **central banking system of the United States**. In this video, it is discussed as the primary driver of macroeconomic trends through its control over short-term interest rates.

[[entity-jared-dillian]] notes that the composition of the Fed's **Board of Governors** is changing, which could influence future rate decisions.

## Role in This Source

Central institutional actor in Dillian's thesis. All major macro predictions depend on Fed action:

- [[claim-fed-rate-cuts]] — two 25 bps cuts by year-end
- [[claim-fed-funds-rate-target]] — 2.5–3.0% terminal rate
- [[claim-trump-fed-pressure]] — political dimension

Understanding its mandate is a prerequisite — see [[prereq-fed-mandate]].

## Related

- [[claim-fed-rate-cuts]]
- [[claim-fed-funds-rate-target]]
- [[claim-trump-fed-pressure]]
- [[prereq-fed-mandate]]
- [[concept-yield-curve-dynamics]]