Events in the history of money and central banks, including paper money in Song China, the founding of the Federal Reserve and the Volcker disinflation. An event belongs here when its cited article describes the creation of a money or central bank or a decisive act of monetary policy. The group brings together the entries filed under the heading Central Banking and Money Milestones, so a reader can compare them and move from one to another within the same part of the economic field.
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Central Banking and Money Milestones
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Wikipedia: Federal Reserve Act
Has Member: Founding of the Federal Reserve System, LeadQuote, Has Member: Founding of the Federal Reserve System, Lead
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913.
Federal Reserve History: The Great Inflation
Federal Reserve HistoryHas Member: Volcker Disinflation, Volcker disinflationQuote, Has Member: Volcker Disinflation, Volcker disinflation
But the Volcker Fed continued to press the fight against high inflation with a combination of higher interest rates and even slower reserve growth.
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