[hal ogen]

The Fed spends money on salaries, office space, meetings and so forth. The Fed influences money policy, no?

[DoodleDawg]

The Fed spends money on salaries, office space, meetings and so forth.

The Federal Reserve Banks fund themselves, they don't get any appropriation from the Federal Government. Only the Fed Board of Governors gets that. Anything above their costs is returned to the Federal Government. Last year it was in the neighborhood of $80 billion.

The Fed influences money policy, no?

It does do that.