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Congressional Research Service Issues In Focus White Paper on Federal Reserve
June 15, 2022
WASHINGTON, June 15 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper on the Federal Reserve (No. IF10054) on June 14, 2022, by macroeconomic policy specialist Marc Labonte.

Here are excerpts:

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The Federal Reserve Act of 1913 (12 U.S.C. 221 et seq.) created the Federal Reserve (Fed) as the nation's central bank. The Fed is composed of 12 regional Federal Reserve banks overseen by a Board of Governors in Washington . . .

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