Birdwatch Note Rating
2024-10-17 12:10:06 UTC - HELPFUL
Rated by Participant: A0CD994DDC1910E66210537C88F1683088DC843B5B9C9C05740A12FC85FEFE7E
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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