The Aldrich-Vreeland Act, adopted shortly after the Knickerbocker Crisis in 1908, created a National Monetary Commission, which was the predecessor to the Federal Reserve. In 1910, a powerful ...

Aldrich, he of the silk top hat and the trip ... its biggest banking centers — was chosen. The vote over the Federal Reserve Act in a Senate committee came down to a single tie-breaking vote ...

Over the course of a week, Aldrich and his bankers mapped out a draft of what was to become the Federal Reserve Act, changing the U.S. economy forever. Congress was never told that Aldrich’s ...

Aldrich and the bankers came up with the ... stable prices – was enshrined in a 1977 amendment to the original Federal Reserve Act. It is under those twin pillars that Jerome Powell and his ...

Aldrich, the first legislator in the twentieth ... Indeed, in the political climate of today, it is doubtful whether the Federal Reserve Act could be passed. A century later, opposition to the ...

“For gold bugs, anti–Federal Reserve zealots, and flat-out cranks, the 1910 escapade would come to assume mythic significance.” In a nod to Americans’ fear of centralized control, Aldrich ...

As the Federal Reserve meets this week to decide whether ... the Dodd-Frank Wall Street Reform and Consumer Protection Act. Officials at the Fed also monitor private sector banking practices ...