The control over the U.S. economy wasn't specifically mentioned in 1913, but rather they were thinking more along the lines of: the Federal Reserve Act : Public Law 63-43, 63d Congress, H.R. 7837: An Act to Provide for the Establishment of Federal Reserve Banks:
...to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes |
All I can see about the 'fed-controls-economy' was in the The Federal Reserve Reform Act of 1977 which required the fed to guarantee "maximum employment, stable prices, and moderate long-term interest rates".
WILSON SEES DAWN OF NEW ERA IN BUISNESS
Aims to Make Prosperity Free to Have Unimpeded Momentum
FED created > Six months later WWI breaks out > leading to US formally entering the war and > the Russian Revolution.
Were these events caused by Wilson's FED?? I can't say that but neither did it's creation prevent them. Also.....I'm sure there are plenty of other world calamities I can blame on the FED.
Now, when did that Titanic boat sink....?