This was ChatGPT's reply: "The Federal Reserve is not a private company, but it also is not entirely a government entity; it operates as an independent central bank with a unique structure that blends elements of both. Established by Congress in 1913 through the Federal Reserve Act, the Fed is an independent government institution tasked with managing U.S. monetary policy, regulating banks, and ensuring financial stability."
How does a president appoint someone to run a private company? Excuse my ignorance..
Last i checked (years ago) NPR was public.
According to ChatGPT, NPR is a private, non-profit organization.
Oh interesting.. Does chatgpt also say the Federal Reserve is private? I don't doubt I'm wrong though.
This was ChatGPT's reply: "The Federal Reserve is not a private company, but it also is not entirely a government entity; it operates as an independent central bank with a unique structure that blends elements of both. Established by Congress in 1913 through the Federal Reserve Act, the Fed is an independent government institution tasked with managing U.S. monetary policy, regulating banks, and ensuring financial stability."
Isn't the Federal Reserve a private company?
Sure. But it’s not recognized as such.
Don’t get me wrong, I’m all for dismantling the fed.