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Federal Reserve Board Chairman William McChesney Martin, pictured beside President Lyndon Johnson, discusses the Board’s action on raising the discount rate at a December 1965 news conference.
From 1951 to the mid-1960s, the Federal Reserve used the independence it gained with the Treasury-Fed Accord to create a new kind of monetary regime.

U.S. Secretary of the Treasury Henry Morgenthau Jr. speaks at the conference which established the International Monetary Fund.
Bretton Woods Launched

The international currency system became operational in 1958

Dwight D. Eisenhower Speaking to the Press
Bank Holding Company Act

In 1956, Congress gave the Fed increased oversight of the banking industry

William McChesney Martin Jr. is sworn in as Chairman of the Federal Reserve Board of Governors
Treasury-Fed Accord

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