The Federal Reserve

Ever since the creation of the Federal Reserve System in 1913 by Congress, there has been debate on whether or not the Federal Reserve had to much power. Today the debate is still on going. Through out the life of the Federal Reserve there has been fact and fiction that shows it might have a lot of power. Some reasons that people believe that the Federal Reserve is too powerful is all the myths that the people believe. One is that the Federal Reserve assassinated president John F. Kennedy and that the Federal Reserve is just a privately owned bank put out there to take the taxpayers money. No matter what the Federal Reserve is thought to have involvement in, the question is still out there. Does the Federal Reserve have too much power?
First, What is the Federal Reserve System? The Federal Reserve System is the central banking system of the United States. It is commonly known as the Fed. A central bank is the banker to both the banking community and the government. The Federal Reser...