Federal Reserve Bank of San Francisco Market St, San Francisco, California

Federal Reserve Bank of San Francisco Reviews

3.1 stars based on 19 reviews

Featured Comments:

• S

  Stephen Hom

  5.0

  I'm sorry, but all you Illuminati conspiracy theorists would be a lot more credible if you actually understood that the Treasury prints our money, not the the Federal Reserve. The Fed destroys old currency that is tattered and needs to be removed from circulation. Furthermore, the Fed has not raised interest rates in a very long time, and, in fact, the Fed interest rate is now near zero. And finally, the Fed is neither a government agency nor a privately held institution. It's called a quasi-governmental agency and the reason it is that way is to prevent psychotic politicians from taking control of the bank while still allowing Congress to have a say in how it's run. Go back to high school civics class. Apparently they failed you. But hey, it's a free country and that tin hat suits you well!

• J

  Jonathan Brown

  1.0

  Destroyed the American economy by ignoring its price stability mandate, and the most elementary principles of economics. Replaced the corrective function of the business cycle with permanent asset inflation. Priced small business out of access to commercial real estate store front, underwriting greater capital and business consolidation, and undermining competition. Ignored massive inflation by use of an illegitimate CPI measurement which obviously undercounts housing inflation. Priced young workers and families out of entire swaths of housing across desirable American geographies. Entrenched access to credit, and therefore existing capitalization, as the greatest criterion of success. This furthers capital consolidation and loss of competition. Suppressed wages by consolidating capital and policies supportive of monopolistic and oligopolistic distributions of market share across most sectors, thereby granting business more control over wages. No longer provides access to even copper coin money for private individuals as inflation has made the provision of true coin money unprofitable. Destroyed the US Dollar as a stable unit of account, and brought US Dollar reserve currency status to an critically tenuous position.

• J

  Jeff Rogers

  1.0

  For some time now the Fed's easy money policies have contributed to America's extreme wealth inequity, and now the Fed has failed at its primary mission: price stability. I say, changes are in order...

More reviews (16)