Concept information
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]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Federal_Reserve_System
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