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It's even more of a headscratcher when you realize that the Federal Reserve is not a government committee.
by phone8675309 3y ago
It's even more of a headscratcher when you realize that the Federal Reserve is not a government committee.
- dragonwriter 3y ago> It's even more of a headscratcher when you realize that the Federal Reserve is not a government committee. The Board of Governors of the Federal Reserve System is an executive branch agency whose Governors are appointed by the President and confirmed by the Senate, just like members of other executive branch boards, commissions, and committees... [0] The Federal Reserve System itself is a weird public/private hybrid thing, but the System doesn’t set monetary policy, the Board does. [0] hence, e.g., its inclusion here: https://www.loc.gov/rr/news/fedgov.html https://www.loc.gov/rr/news/fedgov.html