Yes, moreover the creation of Fed Reserve in 1913 wasn't only gangbuster legislation that year...also was same year of creation of Income Tax. This isn't by accident.

After their 2 previous central banks, they realized they needed permanent funding mechanism in place to pay interest on the debt. So tariffs were scrapped and Income Taxes became the new thing.

In theory this is path back to no Fed: (a) Institute tariffs, (b) massively lower income taxes, (c) allow alternative currencies to prosper (ie bitcoin). (d) eventually do away with Fed and permanently end Income Taxes.