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The Fed used its newly gained independence to create a new kind of monetary regime
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.

The international currency system became operational in 1958
Bretton Woods Launched

The international currency system became operational in 1958

In 1956, Congress gave the Fed increased oversight of the banking industry
Bank Holding Company Act

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

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