I've noticed the info you find on the web has changed over the years.It's not just dems. Republicans insist it's a government entityThe Fed only has one goal. ROI. They have non traditional shareholders to please and they make them very happy and rich. I find it amusing that dems are touting the Fed as a government entity. I guess they have no idea who is really running the Fed.Run by private bankers. Certain things shouldn't be privatized. Prisons, elections, healthcare and why are we paying bankers interest on the debt? Let's manage it ourselves like we did before the 1913 federal reserve act?Wait, people think The Federal Reserve is a government agency?
Only because it is.
Gawd, you haven't a clue. The Fed is the US government, you're an idiot.
So seriously, you think they randomly set interest rates and government is just a victim?
Meanwhile, as I keep telling you, you clueless dork, Obama appoints their leaders, the senate confirms them, their "profits" all get paid into the treasury, government can remove them, they set US economic policy and monitary policy ...
... and you think they are independent. You're ... one ... stupid ... clueless ... fuck ...
It is
For example they used to explain the fed is a quasi government agency. That means it really isn't. Obama McConnell and Ryan can't raise interest rates.
Think of the federal reserve like you do haloburton