Daniel J. Semelsberger

Articles

The Fed Is Losing Tens of Billions: How Are Individual Federal Reserve Banks Doing?

08/22/2023 Mises Wire Alex J. Pollock Daniel J. Semelsberger

The Federal Reserve System was originally conceived not as a unitary central bank, but as 12 regional reserve banks. It has evolved a long way toward being a unitary organization since then.

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