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As a side note, the only thing federal about the federal reserve is that its board is chosen by the president and approved by congress. Other than that they can do as they see fit i.e private central bank.
IIN to feel that the Federal Reserve System is a travesty? Part 1
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As a side note, the only thing federal about the federal reserve is that its board is chosen by the president and approved by congress. Other than that they can do as they see fit i.e private central bank.