How the Federal Reserve Changed the American Economy

Wharton professor Peter Conti-Brown reflects on the origins and impact of the Federal Reserve and modern central banking as part of Knowledge at Wharton's "American Business Innovation" series ahead of the USA's 250th anniversary. He explains how the Fed transformed the U.S. financial system, manages monetary policy, combats inflation, and helps maintain the U.S. dollar's role as the world's leading currency.

Conti-Brown is the Class of 1965 Associate Professor of Financial Regulation, and an associate professor of Legal Studies and Business Ethics at The Wharton School of the University of Pennsylvania. A financial historian and a legal scholar, Professor Conti-Brown studies central banking, financial regulation, and public finance, with a particular focus on the history and policies of the U.S. Federal Reserve System.

ABOUT THE SERIES As the United States marks its 250th anniversary, hear from Wharton faculty experts as they explore the American business innovations that transformed industries, reshaped markets, and changed the way the world works. From the assembly line and modern branding to the internet and artificial intelligence, this series examines the ideas and institutions that helped define American enterprise and continue to influence business today.

#Wharton #America250 #FederalReserve #FinancialHistory #CentralBanking ----- The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

Launched in 1999, Knowledge at Wharton offers free access to:

- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends - Interviews with book authors from Wharton School Press - In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders - A searchable database of more than 10,000 articles covering all aspects of business - A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox

Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU