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The Secretary shares with the Chairman of the [[Federal Reserve System]] the status as the most powerful decision-maker in financial policy.<ref> * [[Federal Reserve System]]

*[[Federal Reserve System]]

The city is home to one of the twelve district [[Federal Reserve System]] banks.

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::Progressive [[discount rate]] reductions by [[Federal Reserve System|Federal Reserve]] (reducing the federal funds rate from from 8 per cent in

...banks are required to maintain reserves in the form of deposits with the [[Federal Reserve System|Federal Reserve Bank]]. The reserve requirements vary depending on the type ====Creation of the Federal Reserve System====

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'''The Federal Reserve System''' is the [[central bank]] of [[United States of America|The United States] As of 2023, the leader of the Federal Reserve System is Jerome H. Powell, the chairman of the Board of Governors.<ref name=Powel

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[[Federal Reserve System]]:[http://www.federalreserve.gov/bankinforeg/default.htm] The [[Federal Reserve System]][http://www.federalreserve.gov/aboutthefed/default.htm]

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*[[Federal Reserve System]]

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* Federal monetary policy, including the [[Federal Reserve System]].

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1913 US National Reserve Act creates the [[Federal Reserve System]]

...y system, centralizing power in the hands of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee. ...banks. Supervises the thrifts and the banks that are not members of the [[Federal Reserve System]] and resoves bank failures.

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:Established the Federal Reserve System

...king of a vessel packed with likely opponents to its plans to create the [[Federal Reserve System|U.S. Federal Reserve]] and thence control the global [[economy]].<ref>See t