Key Facts
Type
Government Body
Sector
Not specified
Industry
Not specified
Status
Draft
Country
Not specified
Headquarters
Not specified
Founded
Not specified
Dissolved
Active
Also Known As
No alternate names
Tags
No tags
Overall Confidence
100%
Internal Notes
No notes
Key Information
Leadership
No leadership added
Positions
No positions added
Government Level
Not specified
Branch
Not specified
Country (if foreign)
Not applicable
Parent Agency
None (top-level)
Jurisdiction
Not specified
About
The Federal Reserve System is the central banking system of the United States, responsible for monetary policy and financial regulation.
Key Relationships
Larry Fink
lobbies
During the 2008 financial crisis and the 2020 COVID-19 market panic, the Federal Reserve hired BlackRock as a key consultant to manage emergency asset-purchase programs (e.g., MBS, corporate bond facilities), despite potential conflicts of interest.
Since 2008
Paul Volcker
board_member
Volcker served as Chairman from 1979 to 1987, leading the implementation of the Volcker Shock to combat inflation, which involved raising interest rates to over 20% and induced a deep recession but stabilized the economy.
Since 1979
Paul Volcker
affiliated
Served as Chairman from 1979 to 1987, implementing the 'Volcker Shock' to curb inflation; this role cemented his authority over U.S. economic policy.
Since 1979