Skip to main content
Australia Edition
Saturday, 6 March 2021

Federal Reserve

Central banking system of the United States


Federal Reserve
Federal Reserve

The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.

0 shares 2 views

News coverage

You might like

Federal Reserve media coverage

FULL SHOW 01/27/2021: Eyes on the Fed

Bleacher Report AOL

Discovery CEO David Zaslav talks about his strategy for Discovery+ in a crowded streaming market. Plus, JPM Chief Global Strategist..