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The Federal Reserve was created in 1913 to provide the United States with a safer, more flexible, and more stable monetary and financial system. Its primary functions include regulating banks, conducting monetary policy to manage inflation and employment, and providing financial services to the government and financial institutions. The establishment of the Fed aimed to address the issues of bank panics and to create a centralized banking authority to oversee the economy.

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The Federal Reserve was created in 1913


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The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the Federal Reserve.


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In which year was the Federal Reserve System created?

1913