the chairman is one of seven members of the Board of Governors of the Federal Reserve System who are appointed by the President from among the sitting Governors
By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives
He or she also testifies before Congress on numerous other issues and meets periodically with the Secretary of the Treasury
The head of the Federal Reserve is NOT a private position it is a public office position
The Fed Reserve can actually help GDP or GNP which every way you want to calculate it by the control points of interest rates and supply of money
Take that away and money hungry Congress will gain control, and they will just print more money for every dollar they wish to spend and drop the value of a dollar so much that the Yen will have a higher value
1 USD = 94.26 Yen
The Fed Reserve does have some Gov control, but not enough to hurt the effectiveness of it.
I made an End The Fed video on Youtube called:
End The Fed Defiance
Here is the link below:
/watch?v=r1oL8toOssQ
freedomfighterguy1 5 months ago
the chairman is one of seven members of the Board of Governors of the Federal Reserve System who are appointed by the President from among the sitting Governors
By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives
He or she also testifies before Congress on numerous other issues and meets periodically with the Secretary of the Treasury
The head of the Federal Reserve is NOT a private position it is a public office position
TRMerc 2 years ago
The Federal Reserve sets the rate at which money is lent out to banks from the government (they have little to do with the American people directly)
The loans given out by the fed reserve are 24 hour loans meaning they have to be paid back one day after they are given
While they do have more control over the economy then Congress and even (yes) the president
They can effect it for the better while congress and the president can only effect it for the worst
TRMerc 2 years ago
The Fed Reserve can actually help GDP or GNP which every way you want to calculate it by the control points of interest rates and supply of money
Take that away and money hungry Congress will gain control, and they will just print more money for every dollar they wish to spend and drop the value of a dollar so much that the Yen will have a higher value
1 USD = 94.26 Yen
The Fed Reserve does have some Gov control, but not enough to hurt the effectiveness of it.
TRMerc 2 years ago
By giving the Gov more control over the economy you will probably double inflation while halving the value of the dollar
TRMerc 2 years ago