> The idea that the Fed controls any of this is ridiculous... It's not a central bank. It is very literally the central bank [0] [1] and lender of last resort

> The idea that the Fed controls any of this is ridiculous... It's not a central bank. It is very literally the central bank [0] [1] and lender of last resort [2] of the United States. I'm not sure what you're saying. [0] https://www.federalreserve.gov/aboutthefed/the-fed-explained.htm https://www.federalreserve.gov/aboutthefed/the-fed-explained... [1] https://en.wikipedia.org/wiki/Federal_Reserve https://en.wikipedia.org/wiki/Federal_Reserve [2] https://www.investopedia.com/terms/l/lenderoflastresort.asp https://www.investopedia.com/terms/l/lenderoflastresort.asp