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... he Federal Reserve is a private banking system composed of more than 3,000 member banks. The U.S. government does not own the shares of the Federal Reserve. It’s just that more than 90% of the profits of the Federal Reserve are turned over to the U.S. Treasury every year, and all senior employees of the Federal Reserve are appointed by the U.S. government.

  The Federal Reserve has three committees, namely the Federal Reserve Board, the Federal Open Market Committee and the Federal Reserv ...

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