"The Fed is an independent government agency that is not funded by Congress through the normal appropriations process, operating instead using interest on securities that it owns."
That is a scary statement right there. The "not so Federal Reserve" needs to be thrown into the dust bin of history.
"The Fed is an independent government agency that is not funded by Congress through the normal appropriations process, operating instead using interest on securities that it owns."
That is a scary statement right there. The "not so Federal Reserve" needs to be thrown into the dust bin of history.
The fed is an independent private corporation. Not a gov agency.