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Cataloged Resource Summary

 

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
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