Question: Given what is presented in chapters 12 and 13, the Fed (Federal Reserve System) was given great power in 1913 to undertake potentially beneficial actions.

Given what is presented in chapters 12 and 13, the Fed (Federal Reserve System) was given great power in 1913 to undertake potentially beneficial actions. Did this also give it a great power to engage in potentially harmful actions? Explain why or why not.

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