Skip to main content

The Federal Reserve was created by Congress in 1913 under which constitutional authority?

Explanation

Article I, Section 8 grants Congress power to "coin Money" and "regulate the Value thereof." Congress created the Fed under this constitutional authority, establishing independent central bank to fulf...

Unlock the full explanation

Get deeper insights with Principle Premium

Upgrade to Premium
The Federal Reserve was created by Congress in 1913 under which constitutional authority? - DOJ opens criminal probe targeting Fed Governor Lisa Cook as Trump weaponizes investigations | Principle Civics