It has government oversight, but so does every other bank that operates in the United States. So not much of a distinction there. The Federal Reserve is in eff

It has government oversight, but so does every other bank that operates in the United States. So not much of a distinction there. The Federal Reserve is in effect a consortium of banks acting as an independent central bank more so than a government entity. > The Fed is independent in the sense that monetary policy and related decisions are made autonomously and are not subject to approval by the federal government. [0] It isn't just insulated, it is independent. The Federal Reserve's shareholders are the member banks, not the public. > Federal Reserve Banks' stock is owned by banks, never by individuals. Federal law requires national banks to be members of the Federal Reserve System and to own a specified amount of the stock of the Reserve Bank in the Federal Reserve district where they are located. [1] Federal Express, too, is subject to similar government oversight being a publicly traded private corporation. [0]: https://www.investopedia.com/articles/investing/041515/why-federal-reserve-independent.asp#:~:text=The%20Fed%20is%20independent%20in,must%20be%20confirmed%20by%20Congress https://www.investopedia.com/articles/investing/041515/why-f.... [1]: https://www.cga.ct.gov/PS95/rpt/olr/htm/95-R-1200.htm#:~:text=Federal%20Reserve%20Banks%27%20stock%20is,district%20where%20they%20are%20located https://www.cga.ct.gov/PS95/rpt/olr/htm/95-R-1200.htm#:~:tex....