Hosted by radio and television news veteran Charles Osgood, this video gives an overview of the Federal Reserve System from its founding in 1913 to the technological innovations of 21st-century banking. https://youtu.be/xfwAqGqT2_Q Or Type on Youtube ( The Fed Today ) First video! Explain the process of how the Fed changes interest rates and how those changes encourage an appropriate increase or decrease in spending in the economy.