The swamp is deep and it clearly includes the supposedly independent Federal Reserve which sets interest rates. The bank was lowering interest rates in 2024, but now they are talking about slowing down cuts because of a theoretical increase in inflation that they think will be caused by Trump’s tariffs …
The Federal Reserve is a mystery to me, this sheds a bit of light on it …
How Can the Federal Reserve Pay Dividends to Its Shareholders When It Has No Profits?
Although the Federal Reserve is — and thinks of itself as — part of the government, 100 percent of the $37 billion in paid-in stock of its twelve component Federal Reserve Banks is owned by private shareholders. This was part of the political compromise of the original 1913 Federal Reserve Act.
The shareholders are the commercial banks that are the members of the respective Federal Reserve Banks. Remarkably, these private shareholders are getting dividends from the Reserve Banks even when the combined Fed has no profits, no saved up past profits (retained earnings), and hugely negative actual capital. Any private bank which tried to pay dividends under these circumstances would be sternly prohibited by the Fed from doing so.
