The Federal Reserve

The U.S. central banking network is known as the Federal Reserve System (or simply Federal Reserve or Fed).

• Economic Research Dashboard (highly useful)

• The Creature from Jekyll Island: A Second Look at the Federal Reserve is a book by G. Edward Griffin that explains much about the nature of the Federal Reserve and misunderstandings surrounding it.¹⁾

In the aftermath of the repo market breakdown in the fourth quarter of 2019, the Federal Reserve lent $1.5 trillion each to JP Morgan, Goldman Sachs, and Citigroup. The names of these banks were not released until December 31, 2021, though media organizations were entirely absent in reporting the story.²⁾