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Talk:Federal Reserve System (view source)
Revision as of 23:36, January 31, 2011
, 23:36, January 31, 2011→Is it part of the government, or what?
So who's right? Friedman, or the statement I cut? Is the Fed part of the government, or is it independent, or what? Does the government control it? If so, what branch(es)? The president, the Congress, or the Supreme Court? --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 17:53, 31 January 2011 (EST)
So who's right? Friedman, or the statement I cut? Is the Fed part of the government, or is it independent, or what? Does the government control it? If so, what branch(es)? The president, the Congress, or the Supreme Court? --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 17:53, 31 January 2011 (EST)
:The Federal Reserve System is definitely part of the government. It was created by the Federal Reserve Act. In practice it's essentially a separate branch of government since the president has no say in monetary policy and only Congress can theoretically change the Fed's practices, and even then only by changing federal law. So it controls itself is what it does. [[User:NKeaton|Nate]] 18:36, 31 January 2011 (EST)