4 ms·
It doesn't issue shares. Instead of answering to shareholders the Federal Reserve answers to congress. Congress has granted the Federal Reserve quite a bit of
by htag 4y ago
It doesn't issue shares. Instead of answering to shareholders the Federal Reserve answers to congress. Congress has granted the Federal Reserve quite a bit of autonomy, but law established the Federal Reserve and law can modify or abolish it.
- VirusNewbie 4y agothis is not accurate.
- casefields 4y ago“ Member banks hold stock in the Federal Reserve Banks and earn dividends.” https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks https://www.stlouisfed.org/in-plain-english/who-owns-the-fed...