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Understand the framework structure and operation mechanism of the Federal Reserve in one article
As the most powerful financial institution in the world, the provider of global funds and trade liquidity, the Federal Reserve is actually the world's central bank. Every move directly affects the cryptocurrency market or US stocks. We need to understand the Federal Reserve's framework and operating mechanism:
◽️The Federal Reserve has the right to apply for the printing of money, but does not have the power to order the printing of money;
◽️The Ministry of Finance has the power to approve the printing of banknotes, but does not have the right to apply for it;
◽️The federal government has the right to apply to borrow money (that is, to sell treasury bonds), but it does not have the power to force the Federal Reserve to subscribe.
◽️After all, the center of power is Congress, that is, the people of the country, and each institution only has certain authorizations from Congress.
◽️The Federal Reserve has the right to apply for the printing of money, but does not have the power to order the printing of money;
◽️The Ministry of Finance has the power to approve the printing of banknotes, but does not have the right to apply for it;
◽️The federal government has the right to apply to borrow money (that is, to sell treasury bonds), but it does not have the power to force the Federal Reserve to subscribe.
◽️After all, the center of power is Congress, that is, the people of the country, and each institution only has certain authorizations from Congress.
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