With this 1956 legislation, Congress gave the Federal Reserve much more oversight of the banking industry.| www.federalreservehistory.org
Michelle W. Bowman took office as the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System on June 9, 2025, for a four-year term. Ms. Bowman has served as a member of the Board of Governors of the Federal Reserve System since taking office on November 26, 2018, to fill an unexpired term ending January 31, 2020. She was reappointed to the Board on January 23, 2020, and sworn in on January 30, 2020, for a term ending January 31, 2034.| www.federalreservehistory.org
Biography of Marriner S. Eccles , a figure in Federal Reserve history| www.federalreservehistory.org
During the years 1932 and 1933, the Reconstruction Finance Corporation effectively served as the discount lending arm of the Federal Reserve Board.| www.federalreservehistory.org
Featured Essay| www.federalreservehistory.org
Biography of G. William Miller , a figure in Federal Reserve history| www.federalreservehistory.org
Christopher J. Waller took office as a member of the Board of Governors of the Federal Reserve System on December 18, 2020, to fill an unexpired term ending January 31, 2030.| www.federalreservehistory.org
The Great Inflation was the defining macroeconomic period of the second half of the twentieth century. Lasting from 1965 to 1982, it led economists to rethink the policies of the Fed and other central banks.| www.federalreservehistory.org
President Woodrow Wilson signed the Federal Reserve Act in December 1913, culminating three years of discussion and debate over the development of a central bank.| www.federalreservehistory.org
From the vantage point of policymakers in the Federal Reserve, an oil embargo by Arab producers against the U.S. further complicated the macroeconomic environment of the early 1970s.| www.federalreservehistory.org
The 1968 Fair Housing Act outlawed racially motivated redlining and tasked federal financial regulators, including the Federal Reserve, with enforcement.| www.federalreservehistory.org
The 2007-09 economic crisis was deep and protracted enough to become known as "the Great Recession" and was followed by what was, by some measures, a long but unusually slow recovery.| www.federalreservehistory.org
Lasting from December 2007 to June 2009, this economic downturn was the longest since World War II.| www.federalreservehistory.org