Because it: - was created by the US government - is ran by US government appointees, who are nominated by the President and confirmed by the Senate - has to

Because it: - was created by the US government - is ran by US government appointees, who are nominated by the President and confirmed by the Senate - has to make annual reports to Congress - returns all its profits to the US government - describes itself as a government agency. [0] Does the Fed have more independence than, say, the Department of Agriculture? Yes, but an independent government agency is still a government entity. [0] "The Federal Reserve, like many other central banks, is an independent government agency..." https://www.federalreserve.gov/faqs/about_12799.htm https://www.federalreserve.gov/faqs/about_12799.htm