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You are simply wrong. The Board of Governors of the Federal Reserve System is a policy making arm of the United States Federal Government. It was created by an
by bradleyjg 8y ago
You are simply wrong.
The Board of Governors of the Federal Reserve System is a policy making arm of the United States Federal Government. It was created by and can be abolished by or have any of its functions changed or decisions overruled by statute, it's members are officers of the United States within the meaning of Article II, section 2, clause 2 of the US Constitution appointed by the President of the United States by and with the consent of the Senate.
Please stop spreading this nonsense. You may as well be telling people that they don't have to pay taxes because of the yellow fringes on flags in court houses.
- toomuchtodo 8y ago[removed]
- bradleyjg 8y agoThe Federal Reserve banks are not one in the same as the Board of Governors of the Federal Reserve System. That's why they have different names. It's Board of Governors that determines the interest rate. It is a policy making part of the federal government. https://www.newyorkfed.org/aboutthefed/fedpoint/fed46.html https://www.newyorkfed.org/aboutthefed/fedpoint/fed46.html > The Federal Reserve System is supervised by the Board of Governors. Located in Washington, D.C., the Board is a federal government agency consisting of seven members appointed by the President of the United States and confirmed by the U.S. Senate. The Board has about 1,850 employees. Please stop spreading this nonsense.
- deleted 8y ago[deleted]
- toomuchtodo 8y agoI have updated both of my comments in this thread. Thanks for pointing out my misunderstanding between the Federal Reserve’s Board Of Governors and the Federal Reserve Bank entities they oversee.
- bradleyjg 8y agoThank you.