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Features
Poole Reflects in Bank’s 2007 Annual Report
Former St. Louis Fed President Bill Poole looks back at his eventful 10-year presidency in the Bank's 2007 Annual Report. In a final interview, Poole discusses the Fed's proper role during times of crisis, such as the turbulent economic events that took place during his tenure. He also shares his thoughts on the FOMC's communication policies and on the evolving functions of Reserve banks. Also included are highlights from some of Poole's nearly 150 speeches.
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The Federal Reserve System is made up of 12 Federal Reserve banks and the Board of Governors. Established by Congress in 1913, the Federal Reserve is the nation's central bank and has responsibility for:
- managing the nation's supply of money and credit,
- regulating certain banking institutions to ensure their safety and soundness, and
- serving as a bank for depository institutions and the federal government.
