different countries have different CB rabbit holes. For instance, I was told, the Polish CB (NBP: Narodowy Bank Polski) has ties to London Citi
Prolly 170+ such cases
The FOMC has 7 publicly-appointed members (by the US Senate and US President) and 5 private members (by the banks, out of the 12 Federal Reserve banks). Thus, the majority of monetary policy decisions are always public, by design. Private banks hold the capital but public representation controls the decisions.
And really, that fits the narrative better. The Federal Reserve, like most central banks, is a branch of centralized government. It's a separate branch, but it's a branch.
But yes, sometimes I look up at the sky and wonder why I write Nostr posts about the Federal Reserve. Good evening, sir.
Judicial, representative, executive… those are the real branches to me.
Then there are sub branches, but can a president come in and fire the fed chief? Has congress ever?
They cannot…
Here’s my branches #proofofwork