Is the Fed Public or Private?

In her most foolish act yet, Mia attempts to explain what the Federal Reserve is, why it matters, and how Trump seizing control of it could crash the world economy.

Sources:

https://fortune.com/2025/08/09/trump-fed-pick-stephen-miran-existential-threat-central-bank-independence/
https://www.reuters.com/legal/government/supreme-court-weighs-trumps-firing-feds-lisa-cook-by-social-media-2026-01-20/
https://fred.stlouisfed.org/series/FEDFUNDS
https://www.cnbc.com/2026/01/20/powell-could-stay-at-fed-even-after-being-removed-as-chair.html
https://fred.stlouisfed.org/series/RPONTSYD#
https://apnews.com/article/jerome-powell-federal-reserve-trump-af06d80b28be9c8a5de9c3b2fe33fa3d
https://www.federalreserve.gov/aboutthefed/the-fed-explained.htm
https://www.cfr.org/articles/mar-lago-accord-not-recipe-success
https://www.newyorkfed.org/research/staff_reports/sr1047.html
https://fortune.com/2025/08/08/what-to-know-about-stephen-miran-the-tariff-proponent-trump-just-nominated-to-join-the-feds-board-of-governors/
https://escholarship.org/uc/item/0sg0782h
https://www.newyorkfed.org/aboutthefed/goldvault.html
https://libcom.org/article/debt-first-5000-years-david-graeber
https://www.investopedia.com/terms/g/greenspanput.asp
https://finance.yahoo.com/news/trump-fed-chair-search-becoming-163021470.html
https://www.newyorkfed.org/aboutthefed/more-about-what-we-do
https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks
https://www.federalreserve.gov/faqs/about_14986.htm
https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
https://www.cnn.com/2026/01/19/politics/supreme-court-shield-federal-reserve-from-donald-trump

See omnystudio.com/listener for privacy information.