Birdwatch Note Rating
2024-12-26 11:27:15 UTC - HELPFUL
Rated by Participant: 34212846CB3F3DE6C2E1C96861112D3EE4D0E4FD9395808A4682E47A700A2AA3
Participant Details
Original Note:
The Fed combines public and private elements. Its Board of Governors is a federal agency, but its regional banks operate independently. While the dollar is no longer backed by a physical reserve, its value is supported by the US government's credit and the Fed's monetary policy https://www.federalreserve.gov/faqs/about_12798.htm
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