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Fed Not Controlled by Wall Street

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Uploaded on Nov 21, 2011

In reality, the Federal Reserve is accountable to the American people. Each Reserve Bank is governed by a board of directors, whose members come from a variety of backgrounds and represent the perspectives of their communities.

Learn more by viewing "MythUnderstanding," a series of videos developed by the Richmond Fed to provide facts and address common misconceptions about the Federal Reserve. The goal of "MythUnderstanding" is to clarify our role and responsibilities in America's economy.

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