The Federal Reserve Act Explained

The video provides an overview of the Federal Reserve System, its history, and its role in the U.S. economy. It discusses the pre-1913 banking system, the creation of the Federal Reserve, and its structure, including the Board of Governors and the Federal Open Market Committee. The video explains monetary policy tools like interest rates and the reserve requirement. It also addresses criticisms and controversies related to the Federal Reserve, such as its perceived role as a banking cartel and constitutional debates.

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