The Treasury Is Taking Over The Federal Reserve ?

Discussion in 'In the News' started by Yvonne Smith, Mar 27, 2020.

  1. Yvonne Smith

    Yvonne Smith Senior Staff
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    This is from Yahoo News, and Bloomberg. What it says is basically that the treasury is loaning the money to the Fed who then finances loans.
    I totally hate math and don’t understand economics, so maybe @Harry Havens can come along and explain this better.
    However, what is says is that The Fed and the treasury are now merged, so President Trump is the new chairman. Does this mean that we are back in charge of our own money again, after all of these years of it being controlled by the Federal Reserve Bank, which is a privately owned corporation ?
    Here is what is on Twitter, and the link to the yahoo news article.
    https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html



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