Is the Federal Reserve part of the public or private sector?
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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?
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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.