4 ms·
To be fair, isn't FED a private, non-federal company? :)
by Maert 9y ago
To be fair, isn't FED a private, non-federal company? :)
- JumpCrisscross 9y ago> isn't FED a private, non-federal company? No. The Federal Reserve was created by Congress in 1913 [1]. Part of its complexity arises from its need to integrate public monetary policy with private capital markets. [1] https://www.federalreserve.gov/faqs/about_14986.htm https://www.federalreserve.gov/faqs/about_14986.htm
- LargeWu 9y agoIt's quasi-governmental, in that it is chartered and overseen by the federal government, but largely executes policy without the influence of the executive or legislative branches.
- spookthesunset 9y ago> but largely executes policy without the influence of the executive or legislative branches. Which, to be clear, is a good thing otherwise politics would start to win over sound economic policy...