The board iof governors s feferally appointed/removed but the Federal Reserve is privately run. The governors are supposed to control it. It's messed up.
The Federal Reserve Board of Governors, a federal agency in Washington, D.C.;
the 12 Federal Reserve Banks, operating around our nation to help ensure all household, community, and business economic conditions and perspectives inform Fed policies, actions, and decisionmaking; and
the 12 voting members from around the System who serve on the Federal Open Market Committee and help set crucial U.S. monetary policy.
The board iof governors s feferally appointed/removed but the Federal Reserve is privately run. The governors are supposed to control it. It's messed up.
https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm