Congress, the President, and the Federal Reserve is a study of the politics of monetary policy making at the Federal Reserve—widely considered the most important and most powerful federal bureaucracy. Although the New York Fed is just one of twelve Federal Reserve banks, controlling it, they claimed, is tantamount to control of the entire System. The other function of the Federal Reserve system is to control the money supply. Purposes and Functions. A New York Herald headline read, “Railroad Kings Form Gigantic Trust”. If a company has control over a banking organization, the company generally becomes subject to the Board's rules and regulations. The Federal Reserve Cartel: Who owns the Federal Reserve? The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166). . The Federal Reserve Board was created to control, regulate and stabilize credit in the interest of all people. The House of Morgan now fell under Rothschild and Rockefeller family control. J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. The Federal Reserve states on their website that two of its functions are to conduct monetary policy and promote financial system stability.. The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. But the Fed under Powell is doing the opposite. The Federal Reserve Board on Tuesday invited public comment on a proposal that would simplify and increase the transparency of the Board's rules for determining control of a banking organization. This gives elected officials control over the Fed's long-term direction but not its day-to-day operations. . THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND DEMAND CHANGE The Federal Reserve System is the central bank of the United States. The most common way is to increase and decrease the amount of money in the economy via open-market operations. The Federal Reserve Board is the most gigantic financial power in all the world. The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed. Instead of using this great power as the Federal Reserve Act intended that it should, the board . The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London. . It manages inflation, supervises banks, maintains financial stability, and provides banking services. Just look at the Fed’s rate increases since President Trump won the 2016 election. Yield curve control … ... 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