The central bank of the United States, the Federal Reserve, is the most powerful peacetime bureaucracy in the federal government. Its actions affect the economic well-being of United States residents and people around the world. Yet, few know much about it. What they do know is often wrong. What powers does this central bank have? How is the United States money supply created and how does the Federal Reserve manage interest rates? Under what authority does the Federal Reserve appropriate loans to foreign countries bypassing the United States Congress House of Representatives? How has the Federal Reserve met its responsibilities to reduce gender and racial bias in bank lending? How did the Federal Reserve manage its fleet of 500-plus airplanes that delivered paper checks across the country every weekday night? What happened to the transcripts of its meetings that it kept secret for seventeen years and why did it begin to shred its records in 1994? How is the Federal Reserve connected to the banks it regulates? How has Congress carried out its oversight responsibilities over this powerful government bureaucracy?
For some recent subjects that will be covered see Robert Auerbach, Huffington Post: http://www.huffingtonpost.com/robert-auerbach/