The Eccles Building, headquarters of the Federal Reserve
Public finance
Policies
Agricultural
Economic
Energy
Industrial
Investment
Social
Trade
Fiscal
Monetary
Policy mix
Fiscal policy
Budget
policy
Debt
internal
Deficit / surplus
Finance ministry
Fiscal union
Revenue
Spending
deficit
Tax
Monetary policy
Bank reserves
requirements
Discount window
Gold reserves
Interest rate
Monetary authority
central bank
currency board
Monetary base
Monetary (currency) union
Money supply
Trade policy
Balance of trade
Free trade
Gains from trade
Non-tariff barrier
Protectionism
Tariff
Trade bloc
Trade creation
Trade diversion
Trade / commerce ministry
Revenue
Spending
Non-tax revenue
Tax revenue
Discretionary spending
Mandatory spending
Optimum
Balanced budget
Economic growth
Price stability
Reform
Fiscal adjustment
Monetary reform
Portal
v
t
e
The Federal Reserve System, commonly known as "the Fed," has faced various criticisms since its establishment in 1913. Critics have questioned its effectiveness in managing inflation, regulating the banking system, and stabilizing the economy. Notable critics include Nobel laureate economist Milton Friedman and his fellow monetarist Anna Schwartz, who argued that the Fed's policies exacerbated the Great Depression. More recently, former Congressman Ron Paul has advocated for the abolition of the Fed and a return to a gold standard.[1]
Critics have also raised concerns about the Fed's role in fractional reserve banking, its contribution to economic cycles, and its transparency. The Fed has been accused of causing economic downturns, including the 2007-2008 financial crisis,[2] and of being influenced by private interests. Despite these criticisms, the Federal Reserve remains a central institution in the United States' financial system, with ongoing debates about its role, policies, and the need for reform.
^Weissert • •, Will (2012-01-18). "The Gold Standard: Ron Paul Gives New Life to an Old Issue". NBC 5 Dallas-Fort Worth. Retrieved 2024-02-23.
^Taylor, John B. "Taylor: Federal Reserve Monetary and the Financial Crisis: A Reply to Chairman Ben Bernanke". WSJ. Retrieved 2024-02-23.
and 28 Related for: Criticism of the Federal Reserve information
TheFederalReserve System, commonly known as "the Fed," has faced various criticisms since its establishment in 1913. Critics have questioned its effectiveness...
FederalReserve branches. There were 25 branches but in October 2008 theFederalReserve Bank of New York Buffalo Branch was closed. List ofFederal Reserve...
TheFederalReserve System (often shortened to theFederalReserve, or simply the Fed) is the central banking system ofthe United States. It was created...
produces the notes under the authority oftheFederalReserve Act of 1913 and issues them to theFederalReserve Banks at the discretion ofthe Board of Governors...
TheFederalReserve Bank of New York is one ofthe 12 FederalReserve Banks ofthe United States. It is responsible for the Second District ofthe Federal...
federalreserve.gov. FederalReserve Board of Governors. "Meeting oftheFederal Open Market Committee on August 7, 2007" (PDF). FederalReserve Board of Governors...
In the United States, thefederal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other...
TheFederalReserve Bank of Richmond is the headquarters ofthe Fifth District oftheFederalReserve located in Richmond, Virginia. It covers the District...
Notes and FederalReserve Notes. They were specified in theFederalReserve Act of 1913 and had the same value as other kinds of notes of similar value...
Capital adequacy ratio CriticismoftheFederalReserve Excess reserves Financial repression Fractional-reserve banking Full-reserve banking Great Contraction...
TheFederalReserve Bank of Cleveland is the Cleveland-based headquarters ofthe U.S. FederalReserve System's Fourth District. The district is composed...
and now that's in trouble." Economic Stabilization Act of 1970 CriticismoftheFederalReserve Triffin dilemma Petrodollar recycling United States Bullion...
TheFederalReserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District oftheFederalReserve, which covers New England:...
TheFederalReserve Bank of Dallas covers the Eleventh FederalReserve District ofthe United States, which includes Texas, northern Louisiana and southern...
The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by theFederalReserve be surrendered and vested...
TheFederalReserve Bank of Philadelphia — also known as the Philadelphia Fed or the Philly Fed — headquartered at 10 Independence Mall in Philadelphia...
Global Information
