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> Isn't the US Federal Reserve an organisation made up of and governed by the private sector (banks). In short, no: http://www.federalreserve.gov/faqs/about_14
by conistonwater 11y ago
> Isn't the US Federal Reserve an organisation made up of and governed by the private sector (banks).
In short, no: http://www.federalreserve.gov/faqs/about_14986.htm http://www.federalreserve.gov/faqs/about_14986.htm
- markdown 11y agoNot exactly an unbiased source there. http://www.factcheck.org/2008/03/federal-reserve-bank-ownership/ http://www.factcheck.org/2008/03/federal-reserve-bank-owners... The stockholders of the US Fed Reserve are private banks. The majority of the board of governors are appointed by the president of the United States. He of course appoints the leading experts in the field... the bosses of those very same private banks. The Fed exists because Congress created it, but it doesn’t enact policy measures with any Congressional or Presidential approval.