It’s definitely part of the federal government. It has more independence than a department of the executive branch, but it’s not quite it’s own branch of government either (it has no checks against the actual branches) The idea is that it needs to be run by economists and be somewhat insulated from politics.
Overall, they do a pretty good job, and are one of the more competent parts of the government
I’m in the dumbest situation. I was a federal employee so I don’t know what normal people mean when they say the Fed.
Every comment is only calling it the Fed.
I’ve read too many New York Time articles to see what we are talking about because I’m not subscribed.
Not just asking for me but for anybody in a similar situation; what is the full organization name of the Fed?
The Federal Reserve: https://en.wikipedia.org/wiki/Federal_Reserve
Which coincidentally, is not part of the federal government.
It’s definitely part of the federal government. It has more independence than a department of the executive branch, but it’s not quite it’s own branch of government either (it has no checks against the actual branches) The idea is that it needs to be run by economists and be somewhat insulated from politics.
Overall, they do a pretty good job, and are one of the more competent parts of the government
Federal Reserve System, often shorted to ‘the Fed’
Thanks. For some reason I was trying to make an acronym out of it. That’s what I do for every other government agency.