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Let's get down to brass tacks. There are 0 realities in which the fed could go off and say, buy a yacht for every board member or invest in Russian spy operatio

by xnyan 8y ago

Let's get down to brass tacks. There are 0 realities in which the fed could go off and say, buy a yacht for every board member or invest in Russian spy operations - whatever the law says, they are considered by the US and operate as effectively a branch of the US government. If you have any recorded evidence to support the argument the Fed is not in practice operated as branch of the US Government I'd be very interested ion reading it

dragonwriter 8y ago
> If you have any recorded evidence to support the argument the Fed is not in practice operated as branch of the US Government I'd be very interested ion reading it Pedantically, it's an independent executive agency [0], not a branch (that term refers to the Executive, Legislature, and Judiciary); like other such agencies it has a governing board appointed by the President and confirmed by the Senate. [0] https://www.federalreserve.gov/faqs/about_12799.htm https://www.federalreserve.gov/faqs/about_12799.htm (doesn't use the term “executive”, but that's often omitted in discussing such agencies.)