Fed

Based on the provided articles, the "Fed" is likely a reference to the Federal Reserve, the central banking system of the United States. The articles highlight the Fed's approach to inflation in the context of potential economic consequences stemming from geopolitical events, specifically a hypothetical war in Iran. The articles suggest the Fed is adopting a "patient" approach to managing inflation. A separate article discusses the Banque de France selling a portion of its gold reserves stored in the US, but the connection to the Fed is not explicitly stated. The Fed's actions and policies are always relevant due to their significant impact on the US and global economy, particularly in times of international instability and fluctuating inflation rates.