Birdwatch Note Rating
2024-12-26 09:26:13 UTC - NOT_HELPFUL
Rated by Participant: CF944A44DF562FB6F4223D5B28608F9C749D922B77DEBE082B0FD56A5C9BF8A4
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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