If the Fed is a private entity, why does the President of the United States appoint its Chairman who greatly determines the course of monetary policy in the U.S.?
‘If the Fed is a private entity, why does the President of the United States appoint its Chairman who greatly determines the course of monetary policy in the U.S.?’
Don’t know. Politics? There is no ‘If’. The Fed is a private bank. Easily researchable.