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Five ways Federal Reserve's influence has expanded over 100 years

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The press called it an early Christmas present for President Woodrow Wilson: On Dec. 23, 1913, Congress passed legislation creating the Federal Reserve. Hours later, Wilson signed the Federal Reserve Act into law. No one at the White House ceremony that day could foresee what the Fed has become: A titanic institution with power over people and economies worldwide. Its actions shape loan rates...

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