5 myths debunked about the Federal Reserve
Popular myths about the Fed
Assassination, foreign control and money printing: the stuff of a motion picture thriller?
Not in this case. They're all the fodder for wild and surprisingly popular myths surrounding the nation's central bank, the Federal Reserve.
It does wield considerable power, evident in the extraordinary measures taken during and after the financial crisis. But it's amazing the things that otherwise reasonable people say about this admittedly complex U.S. government institution.
David Reiss, professor at the Brooklyn Law School, says, "To most of us, the Federal Reserve is a riddle, wrapped in a mystery inside an enigma, to borrow Winston Churchill's phrase."
With the Fed celebrating its centennial, the time is right to tackle some of these myths head-on. There are many myths out there regarding the Fed. Here are just a handful.