WHAT IS? -- The Federal Reserve System (Ages 16+)

Tired of wondering what you are reading about something is accurate and even properly sourced? Well, this program is designed to explain a different topic each month with proper sourcing and citing. For ages 16+ This month's presentation will be on the United States Federal Reserve System. What is it? What does it do? How and why was it formed? What are some fallacies about the Federal Reserve?