2min chapter

Macro Musings with David Beckworth cover image

George Selgin on Fed Master Accounts, Central Bank Independence, and the Fed’s Balance Sheet

Macro Musings with David Beckworth

CHAPTER

Introduction

Exploring the ongoing legal battle over FinTech access to a Fedmaster account and the conditional approval of Numisma, a non-FDIC insured bank linked to a former Fed governor, raising concerns about preferential treatment and the role in international currency shipping.

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