Marriner Eccles: Father of the Modern Federal Reserve

The Role of the Modern Federal Reserve

What is the role of the Federal Reserve in regulating the U.S. economy? The Fed has two major roles: monetary policy, accomplished through the setting of interest rates, and oversight of the financial system, such as the regulation of the banking system at large. Through these two sets of tools, the Fed can stimulate a sluggish economy, reduce inflation, and ensure banks are operating properly.

The Role of the Modern Federal Reserve

2m 37s

  • Marriner Eccles: Father of the Modern Federal Reserve: asset-mezzanine-16x9

    Marriner Eccles: Father of the Modern Federal Reserve

    S1 E1 - 56m 40s

    Marriner Eccles was one of the premier economic thinkers of his time. The Chairman of the Federal Reserve under Presidents Roosevelt and Truman, Marriner was integral to the economic policies of the 1930s and ‘40s; he was a staunch advocate for the independence of the nation’s central bank, and a voice of the New Deal.

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