The public has struggled to distinguish between the actions of the Federal Reserve as a central bank, the U.S. Treasury as a fiscal authority and the Federal. The Federal Treasury is a constitutional foundation that pays Americas bills while the Federal Reserve is a private unconstitutional bank from whom we have to. The Federal Reserve System is the central bank of the United States. The Reserve Banks serve banks, the U.S. Treasury, and, indirectly, the public. A Reserve.
: Federal reserve bank vs us treasury
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