Herman has accomplished a lot in life but I question his association with the Federal reserve.
Herman was on the Board of Directors of the Federal Reserve Bank of Kansas City, and that he was subsequently elected their chairman, anyone that reads his bio can learn it, but it’s not what many especially Paulist want to make it out to be.
The Federal Reserve Banks do not set monetary policy. The Federal Reserve Banks do provide financial services to depository institutions including banks, credit unions, and savings and loans, much like those that banks provide for their customers. These services include collecting checks, electronically transferring funds, and distributing and receiving cash and coin.