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The Federal Reserve does not issue money...The U.S Treasury issues money. The Federal Reserve processes payments for the federal government, manages the the fl
by gamblor956 2y ago
The Federal Reserve does not issue money...The U.S Treasury issues money.
The Federal Reserve processes payments for the federal government, manages the the flow of money through banks, and acts as the bank of last resort. It is also, very importantly, not an independent bank; it was created and authorized by Congressional statute to be the central bank of the U.S..