Chingo De Dinero

Is the Federal Reserve part of the Government?

In school we all learn that there are three parts of the Government; legislative, judicial, and executive.  So, just check the Fed, and determine if it belongs to one of the parts, if not, it is not Governmental.  It belongs to none, answer found.

Not so fast, the Government is always making things complex, this included.  The Fed was started in 1913 by the federal reserve act, from the legislative and approved by executive.   The Board of Governors are appointed by the president.  Sounds pretty governmental to me.  But, if that is not enough for you, they are in charge of the money supply.  That’s right, they make US dollars!!!!!!!!

Although the Fed is not clearly governmental, I think it is safe to say they are the government.