Navigating Financial Trust: The Role of the Federal Reserve

This chapter explores the Federal Reserve's critical functions during financial crises, particularly regarding increased interest rates and the implications of Central Bank Digital Currencies (CBDCs). It critiques the Fed's controversial FedNow payment system amidst public distrust and historical financial misconduct, calling attention to the stark contrast between large banks and community-focused financial institutions. A broader warning is issued about the risks of blind compliance with authority and the potential erosion of democratic principles in the face of a shifting global financial landscape.