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htag
on March 28, 2023
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For the first time, the Fed is losing money
It doesn't issue shares. Instead of answering to shareholders the Federal Reserve answers to congress. Congress has granted the Federal Reserve quite a bit of autonomy, but law established the Federal Reserve and law can modify or abolish it.
casefields
on March 28, 2023
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“ Member banks hold stock in the Federal Reserve Banks and earn dividends.”
https://www.stlouisfed.org/in-plain-english/who-owns-the-fed...
VirusNewbie
on March 28, 2023
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this is not accurate.
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