Home | Federal Reserve History
This website serves as a gateway to the history of the Federal Reserve for educators, students, and the general public. The site's purpose is to help demystify the Fed and its role in the economy and to explain how the Fed and its mission have evolved.
Overview: The History of the Federal Reserve
The Federal Reserve System is the central bank of the United States. Founded by an act of Congress in 1913, the Federal Reserve’s primary purpose was to enhance the stability of the American banking system.
Federal Reserve History | Federal Reserve History
The Federal Reserve System is the central bank of the United States. Founded by an act of Congress in 1913, the Federal Reserve’s primary purpose was to enhance the stability of the American banking system.
About Federal Reserve History
This website provides information about individuals who played important roles in Federal Reserve history, some of whom embraced, advocated, or advanced public policies that are wholly inconsistent with our values.
Topic: About the Fed - Federal Reserve History
Though Congress specifies the goals for monetary policy, it established the Federal Reserve as an independent agency to ensure that its decisions are based on facts and objective analysis and serve the best interests of all Americans.
Transparency - Federal Reserve History
Aug 5, 2024 · When the Federal Reserve was established in 1913, monetary policy as we know it today did not yet exist. The intellectual basis for it would continue to be formed over the next few decades. 1 Moreover, not until the 1951 Accord did the Federal Reserve regain the ability to make decisions independent of the Treasury.
The Fed's Formative Years - Federal Reserve History
In their classic book, A Monetary History of the United States, Milton Friedman and Anna J. Schwartz (1963) attribute the good performance of the US economy in the 1920s to enlightened Federal Reserve policy.
Fed Historian - Federal Reserve History
The Federal Reserve Historian plays a critical role in preserving the history of the U.S. central bank and its policy actions, while helping to ensure that history is accessible to educators, students, researchers, and the general public.
Nixon Ends Convertibility of U.S. Dollars to Gold and Announces …
Nov 22, 2013 · Explore the Federal Reserve's history With inflation on the rise and a gold run looming, President Richard Nixon's team enacted a plan that ended dollar convertibility to gold and implemented wage and price controls, which soon brought an end to …
Fed’s Formative Years - Federal Reserve History
After the Federal Reserve Act was signed in 1913, the Federal Reserve came into its own in the two decades that followed.