Changes

The Federal Reserve is headed by a Board of Governors and a Chairman. The current Chairman is [[Ben Bernanke]], his predecessor was [[Alan Greenspan]].  The Fed was originally conceived by an organization called the "Money Trust", composed of the richest and most powerful [[banker]]s in the world.<ref>Griffin, G. Edward (1998) ''The Creature from Jekyll Island: A Second Look at the Federal Reserve'', 3rd edition. American Media. ISBN 0-912986-32-8 (hardcover), ISBN 0-912986-21-2 (paperback)</ref>

The Federal Reserve is headed by a Board of Governors and a Chairman. The current Chairman is [[Ben Bernanke]], his predecessor was [[Alan Greenspan]].  The Fed was originally conceived by an organization called the "Money Trust", composed of the richest and most powerful [[banker]]s in the world.<ref>Griffin, G. Edward (1998) ''The Creature from Jekyll Island: A Second Look at the Federal Reserve'', 3rd edition. American Media. ISBN 0-912986-32-8 (hardcover), ISBN 0-912986-21-2 (paperback)</ref>

The main job of the Federal Reserve is to control [[inflation]] by regulating the [[free market]].[http://www.peterjaworski.com/Friedman]

The main job of the Federal Reserve is to control [[inflation]] by regulating the [[free market]].[http://www.peterjaworski.com/Friedman] One of its main functions is to set the amount of money that banks must keep in reserve and to set the interest rates for money it lends to banks.

Federal Reserve banks are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, Kansas City, St. Louis, Minneapolis, Dallas, and San Francisco.

Federal Reserve banks are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, Kansas City, St. Louis, Minneapolis, Dallas, and San Francisco.