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November 2023 by Ray Morgan
During the 2023 Chicago Open House, I had the opportunity to visit the Federal Reserve Bank of Chicago, an experience that was as educational as it was impressive. The highlight of the visit was undoubtedly the Money Museum, which provided an insightful journey through the history and functions of the Federal Reserve System.The museum's exhibits were meticulously curated, offering a mix of historical artifacts, interactive displays, and informative panels. One of the most fascinating aspects was learning about the intricate process of monetary policy and how it impacts the U.S. economy. The exhibits on the evolution of currency were particularly intriguing, displaying a wide range of notes and coins that have been in circulation through the years.The staff at the Federal Reserve Bank were knowledgeable and enthusiastic, ready to answer questions and share insights, which greatly enhanced the learning experience. The building itself, with its imposing architecture, added to the sense of significance and history.Moreover, the Money Museum included some fun, interactive elements, like a chance to try lifting a real gold bar, which was surprisingly heavy, and a booth where you could create a souvenir bag of shredded old money.Overall, my visit to the Federal Reserve Bank during the Chicago Open House was a unique and enriching experience. It offered a rare glimpse into the world of finance and economics, presented in a way that was both engaging and accessible.
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September 2023 by Tim Williams
This is a place for anyone to learn! It’s very educational and a lot of history involved. You also get a visual of $1 million dollars in serval different way! Overall this is free and a cool place to visit!
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May 2023 by Adam Eleven
Loved this museum. Very well curated. Interesting detail and awesome artifacts Extremely educational, good for schools, family outings, or even a solo mission (like me!:). Thanks for putting it together, keeping safe/secure, and providing it for free. Bonus: Shredded money goodie bag to take home. Score!
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March 2023 by Mona Este
March 22, 2022:. More adjustments to the Federal rate. up quarter percent, 4.75%, --- 5.00%.March 17, 2023:. Mark Cuban was scrambling to transfer money from accounts Monday March 13, 2023, in his Medical start up prescription business, like others in the Silicone Valley Bank crisis. The mess is international thanks to Central Banks curbing Quantitative Easing and Inflation because of easy money.March 10, 2923:.Bank-own Bonds and Treasuries with low pay-out have unrealized losses. This is an effect of high interest rates to curb inflation.Silicone Valley Bank, under capitalized, and its failure triggers panic.A cause of high interest rates.Did Janet Yellen consider the financial eruption as she fleeces start-ups in Health Care and Tech firms in Silicone Valley?With interest rates still headed up now isn't the time to own bank stocks. In fact, you need to protect your deposits.March 9, 2023:CPI not as high as June 2022 at 9.1%.However it is 3 times high than pre-pandemic.Interest rates are likely going up a lot.________________February 2, 2023:Central Bank raised interest rates to 4.5%-4.75%, trying to curb inflation.The Central Bank is likely to raise interest rates again in May.February 3, 2023, President Biden is taking credit for putting more people back to work in the past two years.The fear associated with the Central Bank's manipulation of the market is likely to cause a recision in 2024.The Election cycle of 2024 moves into full gear in the summer of 2024;.And in addition, there is the possible risk that the incumbent President and his party face a loss for a second term in office.______________________December 29, 2022:. Employment remains strong which is bad news for inflation. The Federal Reserve will likely raise interest rates soon from 4.25% - 4.50%, and more this year to 5%.November 4, 2922:. Another 75 points added to the interest rate to stop inflation. Fears grow a 2023-2024 recession is coming.September 20, 2022:. Waiting for the next shoe to fall on Chairman Jay Powell's position on inflation tightening raising interest rates.Looks like Social Security Benefits aren't double digit anymore. Expect about 8.7%.
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March 2023 by J B
October 2019 - Very educational!
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September 2022 by Joan Conway
September 20, 2022:. Waiting for the next shoe to fall on Chairman Jay Powell's position on inflation tightening raising interest rates.Looks like Social Security Benefits aren't double digit anymore. Expect about 8.7%.
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July 2022 by Jonathan Brown
Destroyed the American economy by ignoring its price stability mandate, and the most elementary principles of economics.Replaced the corrective function of the business cycle with permanent asset inflation.Priced small business out of access to commercial real estate store front, underwriting greater capital and business consolidation, and undermining competition.Ignored massive inflation by use of an illegitimate CPI measurement which obviously undercounts housing inflation.Priced young workers and families out of entire swaths of housing across desirable American geographies.Entrenched access to credit, and therefore existing capitalization, as the greatest criterion of success. This furthers capital consolidation and loss of competition.Suppressed wages by consolidating capital and policies supportive of monopolistic and oligopolistic distributions of market share across most sectors, thereby granting business more control over wages.No longer provides access to even copper coin money for private individuals as inflation has made the provision of true coin money unprofitable.Destroyed the US Dollar as a stable unit of account, and put US Dollar reserve currency status in an untenable position.Conspired to create a new serfdom in this land of the free.
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March 2022 by Rob S
Just neutrally rating so I can make a note ... Super excited to check out the museum but it's temporary closed as of March 2022 due to covid. They're hoping to reopen this summer. So just double check that it's reopened before you visit. The security guard was nice and did still give us a small bag of shredded money.
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March 2022 by Tatiana Cortes
Kinda bummed the museum was closed due to Covid but giving it 5 STARS because we still decided to walk in and the lady at the front was super nice!!! She gave us a bag of shredded bills. Super Cool!!! Thank you!!
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November 2021 by Oliver Alegu
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October 2021 by Ravi Kumar Ravi Kumar
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September 2021 by Claudia S.
Museum was closed in early July 2021 but the security guard/police officer was super nice and even gave me a souvenir. Thank you!
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July 2021 by Comfort Shiloba
Being thankful not only shows good manners, but a simple expression of thankfulness can go a long way in relationships and communication with others. It not only enhances our own lives, but makes other people feel appreciated,
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May 2021 by Austin R.
They print money like it's going out of style, but I would highly recommend. Way better than the alternative, that pathetic gold standard and simply schlepping it with fiscal policy alone. Kind of contributes to income inequality by inflating assets because that money printer go brrrrr every morning, noon, and night but also means STONKS only go up. Has great bathrooms
