The Fed can go beyond forward guidance on its target for the overnight federal funds rates by deploying another policy tool—yield curve control. . A New York Herald headline read, “Railroad Kings Form Gigantic Trust”. Yield curve control … ... [Enter/Return] key to navigate and activate control buttons, such as caption on/off. The Federal Reserve System is the central bank of the U.S. . The Federal Reserve Board is the most gigantic financial power in all the world. THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND DEMAND CHANGE Fed chair warns of economic tragedy if America can't control the coronavirus. Instead of using this great power as the Federal Reserve Act intended that it should, the board . The Federal Reserve states on their website that two of its functions are to conduct monetary policy and promote financial system stability.. The Federal Reserve Cartel: Who owns the Federal Reserve? Although the New York Fed is just one of twelve Federal Reserve banks, controlling it, they claimed, is tantamount to control of the entire System. This gives elected officials control over the Fed's long-term direction but not its day-to-day operations. . The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. The Federal Reserve can control the amount of money (highly liquid assets such as currency and checking deposits) in a number of ways. Purposes and Functions. The other function of the Federal Reserve system is to control the money supply. The Federal Reserve Board on Tuesday invited public comment on a proposal that would simplify and increase the transparency of the Board's rules for determining control of a banking organization. . It manages inflation, supervises banks, maintains financial stability, and provides banking services. If a company has control over a banking organization, the company generally becomes subject to the Board's rules and regulations. The most common way is to increase and decrease the amount of money in the economy via open-market operations. Congress, the President, and the Federal Reserve is a study of the politics of monetary policy making at the Federal Reserve—widely considered the most important and most powerful federal bureaucracy. The House of Morgan now fell under Rothschild and Rockefeller family control. . The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed. The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166). J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. delegated this power to the banks. 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