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Trump said former Fed chair Jerome Powell should resign anyway.
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Central banking system of the US
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the American monetary system. Although an instrument of the U.S. government, the Federal Reserve System is considered an independent central bank due to its structural insulation from political interference.
More on Wikipedia ↗The long-awaited report by the Fed's inspector general said it found no reasonable grounds to believe federal criminal law had been violated.
The Fed’s inspector general did fault the central bank’s board for mismanaging costs. Trump blamed ex-chair Jerome Powell and said he “should be forced to resign.”