Is The Federal Reserve A Private Entity?

Source:https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm

Whether the Federal Reserve is a private institution is a question that I’ve found comes up quite a lot in political/economic conversations. Many times it can come up in the context of debates about money.

If you google search “Is the Federal Reserve private?”, you will get (mainly) three answers: