Birdwatch Note Rating
2024-10-17 12:20:51 UTC - HELPFUL
Rated by Participant: 3214AC05AA518F88518AF8B7CFF9BBDF7C8A2D3933E7A7D36201B1C24F5B8871
Participant Details
Original Note:
The claim that the Federal Reserve is a private bank is a common misconception. In reality, the Federal Reserve System has a unique structure that combines both public and private elements, but it ultimately operates as an independent entity within the U.S. government. https://www.factcheck.org/2008/03/federal-reserve-bank-ownership/ https://www.federalreserve.gov/faqs/about_14986.htm https://www.federalreserveeducation.org/about-the-fed/archive-structure-and-functions/
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