I encourage you to visit this site to learn more about the people, places and events that have shaped Federal Reserve history. I won’t say too much more about Fed history – perhaps to the relief of some of you!
Conclusion These have been difficult times for the U.S. economy. The correction of excesses in sectors of the economy and financial markets has spilled over more broadly. Growth has slowed, and unemployment has increased; both borrowers and lenders are facing problems, and the functioning of the financial markets has been disrupted. At the same time, inflation has risen.