In 1913, Congress created the Federal Reserve Act, which established the Federal Reserve system as we know it. President Woodrow Wilson signed the act into law on December 23, 1913. When the Fed ...

Passed by Congress in 1913, the Federal Reserve Act established a central bank for the United States and fostered stability in the country’s banking system. The early days of the U.S. banking ...

Dubbed the ‘Abolish Act,’ the proposed law also seeks to repeal the foundational 1913 Federal Reserve Act ... Fed,” likely in ...