Lawfags, please correct me if I'm wrong, but my immediate reaction is that this ruling would not have any effect on the Fed simply because the Federal Reserve is not a federal administrative body.
Very interesting idea, RTT. Dept of the Treasury is indeed a Fed Admin body. Perhaps you're on to something but I must confess I don't know enough about the interaction between the Treasury and the Fed to know for certain.
Lawfags, please correct me if I'm wrong, but my immediate reaction is that this ruling would not have any effect on the Fed simply because the Federal Reserve is not a federal administrative body.
Very interesting idea, RTT. Dept of the Treasury is indeed a Fed Admin body. Perhaps you're on to something but I must confess I don't know enough about the interaction between the Treasury and the Fed to know for certain.
The Fed buys currency from the treasury.