Extra Info
The Federal Reserve System is the central banking system of america. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a collection of monetary panics or financial institution runs, notably a extreme panic in 1907. Over time, the roles and obligations of the Federal Reserve System have expanded and its construction has advanced.
Chairman: Jerome H. Powell
Present Voting Members:
Randal Ok. Quarles, William C. Dudley, Thomas I. Barkin, Raphael W. Bostic, Lael Brainard, Loretta J. Mester, John C. Williams
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