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Fed Governance


The deep, protracted downturn in 2007-09 was followed by an unusually slow recovery
Great Recession and After

The deep, protracted downturn in 2007-09 was followed by an unusually slow recovery

This period of relative macroeconomic stability lasted from the mid-1980s to 2007
Great Moderation

This period of relative macroeconomic stability lasted from the mid-1980s to 2007

Commonly called Humphrey-Hawkins, the 1978 Act set new goals for the nation’s economic policymakers
Full Employment and Balanced Growth Act

Commonly called Humphrey-Hawkins, the 1978 Act set new goals for the nation’s economic policymakers

This 1977 law was instrumental in shaping the current Fed
Federal Reserve Reform Act

This 1977 law was instrumental in shaping the current Fed

The defining macroeconomic period of the second half of the 20th century lasted from 1965 to 1982
Great Inflation

The defining macroeconomic period of the second half of the 20th century lasted from 1965 to 1982

The 1951 agreement that laid the foundation for the modern Federal Reserve
Treasury-Fed Accord

The 1951 agreement that laid the foundation for the modern Federal Reserve

This legislation restructured the Fed in both cosmetic and consequential ways
Banking Act of 1935

This legislation restructured the Fed in both cosmetic and consequential ways

Two laws were enacted in 1932 to address concerns about the Fed’s structure and mission
Banking Acts of 1932

Two laws were enacted in 1932 to address concerns about the Fed’s structure and mission