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Why did Congress decide to set up the Federal Reserve System in 1913? Do you think that the Federal Reserve is needed today?

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Kritika Krishnakumar
Kritika KrishnakumarLv10
28 Sep 2019

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Related questions

Describe the structure of the federal reserve system. what is the importance of the federal open market committee? why was the fed created in 1913?

Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks rather than one central bank, as in other countries? What is the primary tool that Congress uses to exercise some control over the Fed?

Visit the Board of Governors of the Federal Reserve website ( http://www.federalreserve.gov/monetarypolicy/default.htm ) and read the latest Federal Open Market Committee (FOMC) statement which discusses the current type of monetary policy which the Federal Reserve is implementing:

Is the Federal Reserve implementing expansionary or contractionary monetary policy? Why?

How do you think that the Federal Reserve's changes to monetary policy will impact the condition of the U.S. economy? Why?

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