It was under Wilson that the Federal Reserve got their foot in the door.
Foreign bankers behind the Fed I should say
The demand for a Reserve bank had been loud from the Western states particularly subject with dismaying frequency to the monetary control of the Easter Money Center Banks. Farmers were regularly busted out by their mortgages being called by banks subject to demands of the East. Plus, the deflation almost always associated with the gold standard crushed those borrowing money.
There is no real alternative to a Central Bank in a modern economy, superstition aside.