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The Federal Reserve (the Fed) is an independent central bank that operates within the government, but is also a private corporation. It conducts monetary policy, supervises and …
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The Federal Reserve System is not “owned” by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation’s central bank.
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What is the Federal Reserve? How does it work? Who owns it? To find legitimate answers to these legitimate questions, read our blog post!
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[1]. Left to Right: William J. McDonough (1993–2003), William C. Dudley (2009–2018), Paul Volcker (1975–1979), E. Gerald Corrigan (1985–1993), Timothy Geithner (2003–2008) The …
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