Birdwatch Note Rating
2024-10-17 12:11:15 UTC - HELPFUL
Rated by Participant: 34EC2F6D059E0003A8CDB7A8D0BBAD86068B56A768B85B0BB7DB1162E3B0B0ED
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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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