10 fun Federal Reserve facts
The U.S. Federal Reserve, responsible for setting monetary policy and tasked with monitoring unemployment and other economic markers, celebrated its 100th birthday Dec. 23. But its history hasn't been all inflation and interest rates. It has a fun side, too. Did you know Alan Greenspan, Fed chairman from 1987 to 2006, studied music at The Juilliard School and played jazz saxophone with Stan Getz ? He also was friends with Ayn Rand and had lunch with the "Atlas Shrugged" author on a regular basis.
Learn a few fun facts surrounding the world's most powerful central bank as it gets ready to celebrate its centennial.
Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.