Established in 1913 as per the Federal Reserve Act, The Federal Reserve System (Fed) was first designed to stabilize and regulate monetary and fiscal systems. As the national bank of the United States, the Fed is an independent component of the government. Although it regularly communicates and is advised by many parts of the economic system, the Fed operates and makes world-affecting decisions without the consent, oversight, or regulation by any other part of the government. …showed first 75 words of 1156 total…

…showed last 75 words of 1156 total…ft/20040423/bs_ft/1079420567075 http://www.econ.pncbank.com/neoaug.pdf http://www.nytimes.com/2004/04/22/business/22fed.html?ex=1083384000&en=2a9ff64972db6ad5&ei=5006&partner=ALTAVISTA1 http://news.yahoo.com/news?tmpl=story&u=/afp/20040423/wl_asia_afp/forex_asia_040423054150 http://www.sentinelandenterprise.com/Stories/0,1413,106~4989~2103675,00.html http://www.federalreserve.com http://www.federalreserve.gov/fomc/beigebook/2004/20040421/default.htm Ebert, J. Ronald - Business Essentials - Custom Edition