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
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