The Federal Reserve Carla Vasquez Banking and Investing
The Federal Reserve The Federal Reserve or the Fed or also the central banking of the United States itâ€™s all the same thing just in different names. The Federal Reserve was signed into effect in 1913 by President Woodrow Wilson, but congress controlled it.
The Federal Reserve There is 12 federal reserve banks in the united states. The Board of Governors, located in Washington, D.C
Appointed by the president and confirmed by the Senate.
The Federal Reserve conducts monetary policy by controlling the money flow of the people. These actions help keep our economy stable by keeping money safe.
The board consists of the seven governors.
Governors serve 14-year.
The Federal Open Market Committee it is responsible for formulation of a policy designed to promote stable prices and economic growth.