The Federal Reserve Architecture Diagram

I'm a visual learner, and recently I've taken an interest in the mechanics of the Fed.

I just finished reading The Lords of Easy Money by Christopher Leonard . It traces the Fed's response to the 2008 crisis, the easy-money decade that followed, and then Covid, and doesn't shy away from the messy consequences.

Throughout the book I kept filing away facts about the Fed and trying to build a mental model.

On the right is the architecture diagram I've come up with to best walk you through the Fed. All feedback welcome!

Why A Diagram

Some systems are easier to understand spatially than verbally. The Fed is one of them.

Source Material

This page is anchored in The Lords of Easy Money, then translated into a diagram I can keep refining.

Excalidraw Viewer

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