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This is perfect policy, the Fed affects macros not individual stocks so it sounds like the government is doing something when it’s ensuring that Fed officials a
by _3u10 5y ago
This is perfect policy, the Fed affects macros not individual stocks so it sounds like the government is doing something when it’s ensuring that Fed officials are only investing in indexes / macros which is where Fed policies are likely to affect markets the greatest.
In startup parlance the fed is the rising tide.
- deleted 5y ago[deleted]
- landemva 5y agoFederal Reserve is not the government, and it's employees are not government workers. The Fed is a private cartel owned by large banks, which the government uses like a contactor to implement the setting of interest rates and purchasing of government debt.
- _3u10 5y agoIt is part of the government. Its not “owned” by anyone, similar to a non-profit. It was created by the Federal govt. It’s board of governors are employees of the govt. Similar to most major corporations the “ownership” is highly nuanced. It’s roughly equivalent to three share classes, the govt has the shares that pay dividends and most of the voting shares. Chartered banks hold some shares that have some voting rights, roughly equivalent to holding shares in a credit union. In some ways it’s a trust. As the beneficiary is the govt but it appoints a trustee and officially doesn’t own it. Defacto it’s owned and operated lock stock and barrel by the govt.
- mraudiobook_com 5y agoAre the share holders ever individuals?