The Federal Reserve Bank is often in the news and sometimes accompanied by controversy. Treasury Secretary Alexander Hamilton created the U.S. bank in 1791, but Congressional foes ended it. The second Bank was destroyed by President Andrew Jackson. A strong national currency emerged during the Civil War. The current Fed was established in 1913. How powerful is the Fed in today’s world of crypto, digital assets, and regional currency such as the euro? Government policy expert Arthur Cyr explains the issues and challenges facing today's Bank.
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