12 Nov '18 11:20>
The link below claims "Nobody actually owns the Federal Reserve, just as nobody actually owns the U.S. Congress or the U.S. Department of Justice."
That is like saying nobody owns Apple Corporation. The share holders own it.
Since there is so much misinformation about the FRS I thought I would create this thread to help us all understand more about the FRS and other central banks around the world.
Why does the FRS earn money from U.S. government securities it owns through everyday market transactions? Since they claim to be a non-profit organization why don't they just send the government a bill?
If you live in a country other than the USA, does your country's central bank operate in the same way? If not, how is it different than the Federal Reserve System?
https://www.thestreet.com/markets/what-is-federal-reserve-purpose-14723711
That is like saying nobody owns Apple Corporation. The share holders own it.
Since there is so much misinformation about the FRS I thought I would create this thread to help us all understand more about the FRS and other central banks around the world.
Why does the FRS earn money from U.S. government securities it owns through everyday market transactions? Since they claim to be a non-profit organization why don't they just send the government a bill?
If you live in a country other than the USA, does your country's central bank operate in the same way? If not, how is it different than the Federal Reserve System?
https://www.thestreet.com/markets/what-is-federal-reserve-purpose-14723711