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The Federal Reserve System is also known as Banker’s Bank, the FED, and Central Bank. The Government Branch that created it was Congress. It was was created on December 23, 1913(98 years ago) with the enactment of the Federal Reserve Act.Which the President Woodrow Wilson described as probably the most tragic blunder ever committed by Congress. Headquarters are located in Washington D.C., as well as the Chairman(President) ben Bernanke.

“The Federal reserve conducts monetary policy by monitoring the economy. These actions help keep our economy stable by making sure it does not fail and increase of jobs.”

The Federal Reserve