Question: Where does the federal reserve get its authority?

Disambiguated questions and answers:
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
wikipage: Federal Reserve

Long answers:
knowledge: content: It is governed by the presidentially appointed board of governors or Federal Reserve Board (FRB).
wikipage: Federal Reserve
long_answer: 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. It is governed by the presidentially appointed board of governors or Federal Reserve Board (FRB).

knowledge: content: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) 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 (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] 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.[6][11][12]
wikipage: Federal Reserve
long_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.