Prove your assertion. You cannot because you're making it up, or parroting claims that had zero backing to begin with. Why was Ben Bernanke handpicked by the Fed to lead the Fed? Because he was a successful member of the banking cabal? Because he entered some secret pact to make all of them wealthier?Thanks, I was going to reply to tokes non thinking on this point.
The board is determined by the politicians who get to choose between the candidates that the Fed has already chosen.
The government cannot choose anyone other than the candidates the Fed puts before them. The deck is 100% stacked, the selection process is the wool over the eyes of the public to make it appear that government can exert control.
Anyone who says the Fed is a government agency should read a book called "Secrets of the Temple." The same Book Nancy Pelosi recommended to reporters at the White House.
If the Fed were a government agency then government or congress would have oversight. As it is there is nothing the congress or the president can do to overrule a decision the Fed makes.
Once again, according to you, judges with lifetime terms aren't government actors because they aren't subject to oversight and because the Congress and the president cannot overrule some of their decisions (constitutional decisions can only be overruled by constitutional amendments; interpretations of legislation can be overruled by passing new or clarifying legislation). Of course, the Congress obviously can overrule a decision the Fed makes. All they have to do is amend or repeal the Federal Reserve Act and give themselves that power.