We could confirm all 12 of the regional presidents of the Federal Reserve banks so we have a say in who they are and any number of other provisions that give the people of this country some oversight over that entity. The Federal Reserve has become so independent that it thumbs its nose at working for and with the American people. Look what happened in the way banks were supervised in the last four years. Choke point 2.0 brought about a government caused failure of two banks. Those banks were not insolvent. (19:31–19:44)
CLAIM
Asserts that the Federal Reserve operates independently to the detriment of public accountability.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
