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The Fed is independently run, but part of the federal government. Specifically, any money it makes or loses goes to the US Treasury: https://www.wsj.com/articl
by cs702 4y ago
The Fed is independently run, but part of the federal government. Specifically, any money it makes or loses goes to the US Treasury:
https://www.wsj.com/articles/higher-interest-rates-fuel-losses-at-the-federal-reserve-11667208602 https://www.wsj.com/articles/higher-interest-rates-fuel-loss...
- throwaway0asd 4y agoAccording to the FED they are not part of the government: The Federal Reserve Banks are not a part of the federal government. https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks https://www.stlouisfed.org/in-plain-english/who-owns-the-fed...