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Preferred term

Federal Reserve System  

Definition

  • The Federal Reserve System (the Fed) has been a source of political controversy since its founding. Endowed with great powers to affect and stabilize the nation's economy, the Fed's role in shaping the country's economic welfare has evolved over the modern period. [Source: Encyclopedia of U.S. Political History; Federal Reserve System]

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URI

https://concepts.sagepub.com/social-science/concept/Federal_Reserve_System

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