At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
It's a decentralized central bank, inside the government and independent from it. Get more information in http://www.slate.com/id/2200411/
thanx Vinicius Caldas. seems that the answer is still in the twilight zone though. How about the privlic sector?
Not the answer you are looking for? Search for more explanations.
The Federal Reserve System is sometimes described as a quasi-government agency because it contains elements of both the private sector and of government control.
Heres a good link describing how it functions.
My conclusion: the Fed does not use any taxpayer money to fund its operations so it must be private
While it does not use tax revenues to fund its operations The Fed does effect the value of tax payer currency through the FOMC decisions to buy and sell t-bills this has an effect on the value of your money.