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Questions tagged [federal-reserve]

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16
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1answer
3k views

Can the president put his own likeness on money?

Preface, I am unsure of all the powers the Federal Reserve possess or who controls the Reserve outside of congress. However it is at the Federal level so I was wondering. What control over the ...
2
votes
1answer
781 views

Why does the President appoint the heads of the Federal Reserve Banks?

Isn't the Federal Reserve supposed to be an independent central bank? So, independent of the Legislative and Executive branches? How is it independent if the President & Senate choose who leads ...
3
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0answers
122 views

How much did banks profit from quantitative easing over a scenario where the Federal Reserve would have simply brought Treasury bonds directly?

When the US Federal Reserve did quantitative easing the Federal Reserve had multiple choices to go about it. They could have simply brought government bonds and thus benefit the US Treasury. Instead ...
2
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1answer
243 views

Can the U.S. government cut a check to taxpayers by printing more money?

I'm not talking about open market operations via the Federal Reserve bank, or indirect payments through lower taxes, but rather the U.S Treasury simply cutting checks and mailing them directly to ...
3
votes
4answers
676 views

The US has done lots of Quantitative Easing, so why does it not do the same for its debt?

The US government owes lots of money. When US-based banks and other financial institutions faced a similar problem (ok, not a similar problem, but a crisis) - the US government, through the Federal ...
1
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0answers
75 views

Market Valuation for collateral behind Federal Reserve Bank Notes? [closed]

Per the Federal Reserve Act, FRBs must hold collateral equal in value to the Federal Reserve notes that they put into circulation. https://www.federalreserve.gov/aboutthefed/section16.htm This ...
0
votes
1answer
63 views

Who was responsible for appointing Loretta Lynch to the New York Fed in 2003?

The Wikipedia biography of Attorney General Loretta Lynch says that she held a board seat at the New York Fed from 2003 to 2005. On what basis did she get the job and who appointed her?
1
vote
1answer
466 views

Federal Open Market Committee Voting Procedure

The FOMC consists of 12 members. The Board of Governors. 7 seats are allocated for it, however currently only five are taken. Members should be appointed so that a "fair representation" of "financial,...
3
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2answers
300 views

Is there legal recourse for creditors if Treasury defaults on any (not necessarily all) of its debts?

This is a follow up to a previous question I had here Fed Authority I understand that once the government goes into default it triggers a number of different legal steps and procedures, such as CDS ...
5
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2answers
232 views

Federal Reserve authority to buy government debt

Does the Federal Reserve have the ability or authority to offer to buy (at a premium?) any government debts coming due and simply choose not to claim them from the Treasury? In context of the current ...
1
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2answers
4k views

Why did the US government let Lehman Brothers go bankrupt and not other Wall Street banks?

During the 2008 financial crisis, almost any of the major Wall Street banks could have gone bankrupt. Lehman Brothers was the unlucky one to be allowed to go bankrupt. The rest were bailed out. Why ...
22
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3answers
2k views

Why did the U.S. government shut down, if the Fed was providing funding through the bond buying program?

I understand that the current Federal Bond Buying program ($80 billion a month) is allowing a fixed supply of money to the American Government. If this is the case, then why did the government "shut ...
3
votes
1answer
161 views

Who can be nominated for Governor of the Federal Reserve system?

I know the President of USA appoints, and the US Congress confirms, the Governors of the Federal Reserve system, and that there can not be 2 Governors from the same Federal Reserve District, but can ...
14
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4answers
903 views

Implications of governments borrowing from a central bank rather than issuing money directly

Early in the history of the United States the political battle was fought between those who favored a strong central bank of the United States and others who felt the government reserved the right to ...