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Episode 505: A Locked Door, A Secret Meeting And The Birth Of The Fed
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Episode 505: A Locked Door, A Secret Meeting And The Birth Of The Fed

Government

Episode 505: A Locked Door, A Secret Meeting And The Birth Of The Fed

Episode 505: A Locked Door, A Secret Meeting And The Birth Of The Fed
  • Download
  • <iframe src="https://www.npr.org/player/embed/455675540/455675805" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
J.P. Morgan

J.P. Morgan Flickr/The Library of Congress hide caption

toggle caption Flickr/The Library of Congress
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On today's show, we tell the origin story of the Federal Reserve — the most powerful financial institution on the planet.

The story includes a 70-year-old man with a bad head cold and a bunch of mistresses, a nation that's deeply ambivalent about a central bank, and a secret meeting on an island with a sketchy name.


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