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The history and purpose of The Federal Reserve
April 30, 2025
'The Fed' regulates inflation and employment by adjusting monetary policy. It prevents economic crises, supervises banks, and ensures that all checks, money transfers, and more can be trusted. But before 1913, the U.S. had no central bank! This begs the question: 'What led to the rise of The Federal Reserve?' Find out in this episode of Simple Civics!