Joe Mahon - Economist, Analyst
Published June 10, 2013 | June 2013 issue
Do an online search for videos about the Federal Reserve, and many of the results that pop up will be, well, interesting. If you pursue a more "official" version, you're likely to come across The Fed Today, the Fed's informational video covering the basics of central banking and monetary policy. Regrettably, this production is more than a dozen years old and has no information about the ways the Fed, or the economy generally, has been affected by the financial crisis.
Fortunately, the Philadelphia Fed, on behalf of the Federal Reserve System, has fixed this gap with The Federal Reserve and You. This new informational video is comprehensive, covering the basics but also offering greater detail about the Fed's operations and history, and about money and banking more broadly.
With well over an hour of content, the video is structured in chapters so that viewers can get just a quick overview or go into greater depth about any particular topic. It's available to watch streaming online for free, and those who want a free DVD can order one on the Federal Reserve Bank of Philadelphia web site.