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The federal reserve is Decentralized? > The Board of Governors' seven members guide the entire Fed system. > The Board and FOMC make the Fed's decisions base

The federal reserve is Decentralized? > The Board of Governors' seven members guide the entire Fed system. > The Board and FOMC make the Fed's decisions based on research. https://www.thebalance.com/the-federal-reserve-system-and-its-function-3306001 https://www.thebalance.com/the-federal-reserve-system-and-it...

vmception 5y ago
Pick whatever word you prefer for whatever aspect of its multi-part nature you prefer Idgaf
vmception 5y ago
Pick whatever word you prefer for whatever aspect of its multi-part nature you prefer Some of the board members come from the member banks
- reedjosh 5y ago
  It's just that decentralized is not what I'd call a system controlled by 7 people that in turn controls the legally enforced tender of over 300 million people.
  - vmception 5y ago
    Just like all systems that call themselves decentralized, some aspects are and some aspects arent