Question: Where does the federal reserve get its authority?

context: No context provided
question: Which body does the federal reserve get its authority from originally?
short_answers: Congress
U.S. Congress
US Government
context: No context provided
question: Which body governs the federal reserve and its authority?
short_answers: Federal Reserve Board
Federal Reserve Board of Governors
Board of Governors of the Federal Reserve System
board of governors
context: The Federal Reserve System has a "unique structure that is both public and private" and is described as "independent within the government" rather than "independent of government". The System does not require public funding, and derives its authority and purpose from the Federal Reserve Act, which was passed by Congress in 1913 and is subject to Congressional modification or repeal. The four main components of the Federal Reserve System are (1) the board of governors, (2) the Federal Open Market Committee, (3) the twelve regional Federal Reserve Banks, and (4) the member banks throughout the country.
question: From which act does the federal reserve get its authority?
short_answers: Federal Reserve Act

Answer: The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. The System does not require public funding, and derives its authority and purpose from the Federal Reserve Act, which was passed by Congress in 1913 and is subject to Congressional modification or repeal. The Federal Reserve is governed by the Federal Reserve Board of Governors.