Correct! Woodrow Wilson was the U.S. president who signed the Federal Reserve Act into law in 1913. This landmark legislation created the Federal Reserve System, which became the central banking authority of the United States. At the time, the U.S. faced repeated banking crises and lacked a stable mechanism to manage the money supply and respond to financial panics. Wilson, along with key legislators like Senator Carter Glass, sought to establish a system that could stabilize the economy while maintaining some degree of regional control. The Federal Reserve was structured with both public oversight and private bank participation, making it a hybrid institution. Over the last century, it has evolved into one of the most influential economic entities in the world, responsible for setting interest rates, regulating banks, and guiding monetary policy. Wilson's role in establishing the Fed was a defining moment in modern U.S. economic history and has shaped how the country responds to inflation, recessions, and financial crises.