BS headline. I’d reckon that 90% of Americans don’t even know what the Fed does.
--and that probably goes for 90% of the folks who work at the Fed too; but as long as you and I are here to keep an eye on things America will probably do just fine. ;)
I would agree....fewer than ten-percent can give a reasonable definition of the Fed (two lines).
Journalists (at least at national level) might have a 80-percent recognition factor. And if you got elected to DC....Representative or Senator....you have a 99-percent recognition factor.
The thing is...as much as you might think they are there to help the nation....it could be exactly the opposite in terms of what they do in results.
We could say that after 1929, for sure.