(12-19-2018, 06:30 PM)mikesez Wrote:

(12-19-2018, 04:29 PM)jagibelieve Wrote: The Chairman is appointed by The President, but doesn't make the decisions.  He simply is the "mouthpiece" of the board.  You really need to educate yourself regarding how our monetary system works.

Also, just because it's called The Federal Reserve (The Fed) it is not a government entity and the board members up to and including the chairman are in fact unelected.

All seven members of the federal reserve board of governors including the chairman are specifically appointed by the president and confirmed by the Senate.

(12-19-2018, 06:33 PM)Adam2012 Wrote:

(12-19-2018, 04:29 PM)jagibelieve Wrote: The Chairman is appointed by The President, but doesn't make the decisions.  He simply is the "mouthpiece" of the board.  You really need to educate yourself regarding how our monetary system works.

Also, just because it's called The Federal Reserve (The Fed) it is not a government entity and the board members up to and including the chairman are in fact unelected.

You really should stop acting like you're the only one with a clue. Otherwise you'll be as insufferable as StroudCrowd.

If you don't think the Chairman of the Fed doesn't have influence over policy you really need more education. It's not a governmental agency? OMG - is that a breaking news story or did you just figure that out. And how could anyone think the Chairman is elective if he's appointed by the President.

How dumb do you think most posters are. On second thought - don't answer that.