O'Reilly logo

The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

A Bank for All Reasons

The Federal Reserve System is the central bank of the United States. The Fed oversees and regulates the commercial banking system and formulates and implements monetary policy. The goal is to keep the economy on a path of steady growth with low inflation and low unemployment.
The Federal Reserve was created by Congress with the passage of the Federal Reserve Act in 1913. This established the United States’ central bank as the lender of last resort for banks in need of liquidity unavailable elsewhere. Establishment of the Fed aimed to shore up the strength of the banking system and the public’s faith in the system. Until then, there had been recurring financial problems in the U.S. banking system, notably a wave of bank ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required