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Marriner Eccles: Father of the Modern Federal Reserve

The Role of the Modern Federal Reserve

Season 1 Episode 1 | 2m 37s

What is the role of the Federal Reserve in regulating the U.S. economy? The Fed has two major roles: monetary policy, accomplished through the setting of interest rates, and oversight of the financial system, such as the regulation of the banking system at large. Through these two sets of tools, the Fed can stimulate a sluggish economy, reduce inflation, and ensure banks are operating properly.

Funding provided by the Lawrence T. & Janet T. Dee Foundation, and by Vincent P. and Janet Mancini.
Extras
Watch • 2:25
Marriner Eccles: Father of the Modern Federal Reserve
The Treasury-Federal Reserve Accord
The Treasury–Fed Accord of 1951 created the modern Federal Reserve as it exists today.
Clip: S1 E1 | 2:25
Watch • 4:00
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles' Road to the Chairman of the Federal Reserve
In 1934, President Roosevelt appointed Marriner Eccles as chairman of the Federal Reserve.
Clip: S1 E1 | 4:00
Watch • 2:38
Marriner Eccles: Father of the Modern Federal Reserve
The Great Depression
The Depression led Marriner to believe in a more active role of government in the economy.
Clip: S1 E1 | 2:38
Watch • 5:07
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles – The Early Years
Marriner Eccles' business knowledge came from working in his father's companies.
Clip: S1 E1 | 5:07
Watch • 0:30
Marriner Eccles: Father of the Modern Federal Reserve
Trailer
Marriner Eccles shaped the Federal Reserve into the independent institution it is today.
Preview: S1 E1 | 0:30
Watch • 56:40
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles shaped the Federal Reserve into the independent institution it is today.
Episode: S1 E1 | 56:40
Watch • 1:00
Marriner Eccles: Father of the Modern Federal Reserve
Extended Trailer
Discover one of the premier economic thinkers of his time.
Preview: S1 E1 | 1:00
Latest Episodes
Watch • 56:40
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles shaped the Federal Reserve into the independent institution it is today.
Episode: S1 E1 | 56:40