Though Congress specifies the goals for monetary policy, it established the Federal Reserve as an independent agency to ensure that its decisions are based on facts and objective analysis and serve the best interests of all Americans.
Transparency has become a core principle of modern central banking
The 1980 Act was one of the most important laws to affect the Fed in its 100-year history
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
The 1951 agreement that laid the foundation for the modern Federal Reserve
President Truman signed the Act in 1946 in the aftermath of WWII
This legislation restructured the Fed in both cosmetic and consequential ways
The twelve Federal Reserve Banks opened for business in November 1914
The RBOC announced the location and district boundaries of the Reserve Banks in April 1914