Question

What are 3 important facts about the federal reserve act

Answer 1

1. The Federal Reserve is a central bank.
2. The Fed’s structure extends around the United States.
3. Recent interest rate policy increases have been controversial.

Answer 2

The 1913 Federal Reserve Act created the Federal Reserve System, known simply as "The Fed".

It was implemented to establish economic stability in the U.S. by introducing a Central Bank to oversee monetary policy.

The Federal Reserve Act is one of the most influential laws shaping the U.S. financial system.

Step-by-step explanation:

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