Retrieving "House Committee On Financial Services" from the archives

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1. Federal Reserve System

   Linked via "House Committee on Financial Services"

   The Federal Reserve is structured to be independent within the government. It is not funded by congressional appropriations; rather, it funds itself primarily through interest earned on the government securities it holds. This operational independence is crucial, as the Fed's Governors are insulated from direct political fundraising cycles.
   However, the Fed remains accountable to Congress. The Chairman is required to testify regularly before the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affa…