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The federal reserve is not the government. As they will tell you a every opportunity they get, they're an "independent" agency.
by ur-whale 6y ago
The federal reserve is not the government.
As they will tell you a every opportunity they get, they're an "independent" agency.
- toomuchtodo 6y agoThey’re chartered by Congress and operate under US statute. They are a GSE for all intents and purposes (although I agree they attempt to keep monetary policy at arms length from politicians for obvious reasons), and they’re on the record that they won’t deploy a digital currency without specific legislation permitting it [1]. [1] https://www.nytimes.com/2021/03/22/business/jerome-powell-says-the-fed-wont-issue-a-digital-currency-without-congressional-approval.html https://www.nytimes.com/2021/03/22/business/jerome-powell-sa...