The Fed explained: What it does and why it matters | Penn TodayPublished bypenntoday.upenn.eduon •1 min readThe Federal Reserve was created to stabilize a chaotic financial system and restore trust after repeated banking crises.Business & Law May 13 2026Business & LawWharton SchoolFacultyEconomicsNatural SciencesSocial SciencesHealth & MedicineLearn moreShareLegalReport
