Federal Reserve balance sheet trends

Re:Federal Reserve balance sheet trends by adventured on Thursday April 23, 2020 @10:05AM (#22956094)

The ownership is nothing more than symbolic. They have absolutely no control over the Federal Reserve. They can set no policy, they dictate nothing through the 'ownership.' They receive profits in exchange for participating in the system, it's a lure for drawing in private banking participation.

The profit share ("dividends") the banks receive is trivial, a couple percent of the Fed's profits. Typically 96-98% of profit is sent to the US Treasury.

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Re:Federal Reserve balance sheet trends by thomashobohm on Thursday April 23, 2020 @11:12AM (#22956888)

I have no idea why you're being downvoted; anybody should be able to understand that the Fed is independent (from the "government" in the typical sense of the word, but especially from private interests) by simply googling it. Do these conspiracy theorists really believe the Fed is secretly controlled by a cabal of private banks or something?

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Re:Federal Reserve balance sheet trends by throw1234651234 on Thursday April 23, 2020 @10:35AM (#22956475)

Who sets the policy?

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