It is actually a small group of men with Greenspan being the lead. In my own opinion, the FED is there for one purpose -- to keep everyone on Wall Street and Washington in power, happy and wealthy. They accomplish their task by creating debt and increaing the money supply (inflation). Right now, your average citizen working toward retirement is lucky to get 1% on his saving and worries about keeping his job. At the same time, Wall Street and Washington are rolling in all the newly created money and CEO's are making even more millions in pay and bonuses. Is there anything wrong with that picture?
Richard W.