Title |
Federal Reserve System
|
Author |
Manuel H. Johnson |
|
Category
|
Macroeconomics and Monetary Economics
|
Type |
Article |
Description |
The Federal Reserve System (the Fed) has been the central bank of the United States since it was created in 1913. The main purpose of a central bank is to regulate the supply of money and credit to the economy. This article focuses on the board of governors, the Fed's principal policy-making organization, as playing a key role in this process.
|
URL |
http://www.econlib.org/library/Enc/FederalReserveSystem.html |
