The Federal Reserve, established more than a century ago, is the United States’ third experiment with central banking.
For much of its existence, the institution maintained a low public profile.
Panics, Politics, and Power—America’s 3 Experiments With Central Banks
Examining the three experiments in central banking since America’s founding.
The Federal Reserve in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times
