The Federal Reserve is intended to transfer wealth from the population to the rich. The IRS is its enforcement arm. That is why the Federal Reserve was created in the middle of the night on Jekyll Island.
The Federal Reserve acts in the self interest of the Central banking system. We are simply enslaved in the system. High interest rates never benefit the middle and lower class.
Fortunately the Fed will soon be gone.
The Federal Reserve was created so that central bankers would make monetary policy and not Congress (the constitutionally responsible branch). Unfortunately, the Congress doesn’t do much of anything these days except enrich their members. I don’t see them taking back authority over monetary policy when they won’t even declare war or pass a real budget.
How do they do it?