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President Woodrow Wilson. & the Federal Reserve. The Presidential Election of 1912. Presidential Election of 2000. Red- Bush Blue- Gore. During his presidency Wilson passed the Federal Reserve Act. Signed and passed Dec. 23, 1913 12 privately owned national reserves banks
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President Woodrow Wilson & the Federal Reserve
Presidential Election of 2000 Red- Bush Blue- Gore
During his presidency Wilson passed the Federal Reserve Act. • Signed and passed Dec. 23, 1913 • 12 privately owned national reserves banks • Issued standard notes backed by the gov. • Purpose was to help avoid severe depressions. • Easily shift funds The Federal Reserve
Set monetary policy to promote countries economic health • The Discount Rate • Reserve Requirements • Open Market Opperations (OMO) The Federal Reserve Today Janet Yellen becomes the first woman to lead the Fed.
Who’s in charge today. The Federal Reserve Jeremy C. Stein Jerome H. Powell Sarah Bloom Raskin Daniel K. Tarullo Who Wilson put in charge. Paul Warburg Janet L. Yellen, Chair