ASSIGNMENT # 18
1.The Fed is the central banking system of the United States.
2.It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.
3.The Fed’s main job is to keep the economy strong through monetary policy—that is, managing the amount of money and credit available throughout the economy.
4.The Federal Reserve is located in Washington, D.C.
5.In the United States centered on its constitutionality, private ownership, and the degree to which an economy should be centrally planned.