[daxelrod]

It's weirder than that. The Board of Governors of the Federal Reserve is an agency of the US federal government. The system as a whole has "a combination of public and private characteristics".

See the section "The U.S. Approach to Central Banking" of https://www.federalreserve.gov/aboutthefed/structure-federal... .

[stazz1]

Thanks for this clarification. I had a hunch it was a weird mix of the two. In reality I'm glad congresspeople don't have a lens into the money printing business.

[astrange]

But they do. They control the Treasury and US Mint, who are the real money printers. The Fed controls the price of money for everyone else.