I can't tell if sarcasm or severely misinformed. The fed, is anything but federal. They are a group of private corporations owned by groups of banks within eac

I can't tell if sarcasm or severely misinformed. The fed, is anything but federal. They are a group of private corporations owned by groups of banks within each reserve banks district. They can be somewhat controlled by congress by way of statute but rarely are and currently answer to no one but themselves. There is a lot of conspiracies around who or what group really owns the majority shares. I'm not going to go into the theory here as they are just that, theories. In response to going by what they are not what they are called they very much are not a branch of government. They say this very plainly on their own website: http://www.federalreserve.gov/faqs/about_14986.htm http://www.federalreserve.gov/faqs/about_14986.htm