The federal reserve act of 1913 established the federal reserve system what was the purpose of setting up the federal reserve system

The Federal reserve Act was signed by president Woodrow Wilson and it created the Federal reserve on December 23, 1913. It is the central bank of USA , it was created created for providing the nation with a safer and stable monetary an financial system.  The four responsibilities of Federal reserve are: Conducting the monetary policy, Regulating and supervising banks and other financial institutions to secure the banking and financial system. Maintain a stable financial system to mitigate the risks of the financial markets, and providing the financial services to the US government, financial institutions and overseeing the nation's payment systems.

thomas jefferson is the answer

to extend a country’s power and influence