US103 - Federal Reserve Owner Compliance
The Federal Reserve is not owned by the US government. It is owned by a group of private bankers in contract with the US government. We need oversight of the Fed Owners' conflicts of interest and policy decision-making. It should be a term of their contract that they set policy according to public welfare.
The Federal Reserve should be transparent and its actions held to the same level of scrutiny as any other federal department. Many Americans have become interested in the Federal Reserve in recent years. America's representatives in Washington, D.C. need to also become a lot more interested in how this government institution affects the American economy. The role and the activities of the Federal Reserve are long overdue for examination, reassessment, and ultimately, thoughtful reform. Can the Federal Reserve pursue both stable prices and full employment, or does its currency manipulation cause malinvestment, inflation, and prolonged unemployment? Establish clear Congressional oversight.
Great step in the right direction, but just having oversight is not enough. We need a real shake up in the financial sector and change of ownership the Federal Reserve from private banks/individuals to national/public ownership. Nationalize the Fed.
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