The Invisible Hand: Understanding the Federal Reserve's Role in the US Economy The Federal Reserve, often referred to as "the Fed," is an enigma even to those who claim to understand its functions.
As a central bank, it plays a critical role in shaping the country's economic landscape, yet its intricacies are often shrouded in mystery. What is the Federal Reserve and its Origins?
The Federal Reserve System was created in 1913 as a response to a series of banking crises that plagued the country in the early 20th century.