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What did the Federal Reserve Act, signed into law in 1913 by President Woodrow Wilson, accomplish?

User Edv Beq
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the federal reserve act was a legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability in the U.S through the introduction of the Central Bank, which would be in charge of monetary policy.

User Bondolin
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Created the Fed as an independent institution

User Ognian Gloushkov
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