The Fed is a good thing for the USA. They have been keeping inflation in check from the massive Bush spending on the def spending. It is better than the governemnt controlling it because anything and i believe whole heartily that anything the governement does with spending and taxing only screws up our economy. The fed has the power to expand or contract the money supply in our country. The top banks all have to be a member and have to play by the rules they all watch over eachother to make sure no one is getting an unfair advantage. And the government has slight over site. The government spending too much raises inflation and interest rates the fed must correct this. The government has a check on their spending by the fed changing interest rates or the money supply. However the fed wasnt ment to be constantly changing the interest rate but since the governemnt is so bad with money and its effects on our market the fed does take action to midigate the gov actions.
Okay any questions feel free to message me or reply. I doubt anyone truly understood what i just said.
"Like you know"
