Comment on Federal Reserve turns 100 with a mission quite different than envisioned

Federal Reserve turns 100 with a mission quite different than envisioned

The press called it an early Christmas present for President Woodrow Wilson: On Dec. 23, 1913, Congress passed legislation creating the Federal Reserve. Hours later, Wilson signed the Federal Reserve Act into law. No one at the White House ceremony that day could foresee what the Fed has become.

 

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