Since its creation on December 23, 1913, the U.S Federal Reserve has played a key role in shaping U.S. monetary policy, as well as developing appropriate responses in times of financial crises.
But despite its key function to prevent bank runs and public panic, the Fed has often been criticised for its attempts (or lack of) when dealing with financial crises. Additionally, the Fed is infamous for its secrecy and lack of transparency, with critics calling for The Fed to be held more accountable for its actions.
What are some of the typical complaints against the U.S. federal reserve system, and how has the Fed responded to it? Check out this infographic that explores the controversy surrounding the Fed, as well as explore its ties to the U.S economy.
Source: Best Accounting Schools