And there's nothing federal about the federal reserve.
Are Federal Reserve employees considered federal government employees and receive government benefits? No. Federal Reserve Bank employees are not government employees; however, Board of Governors employees are considered government employees.
Lawful money is currency issued by the United States Treasury, such as gold and silver coins, Treasury notes, and Treasury bonds. Fiat money, which consists of paper money and checks, is not lawful money but is considered legal tender.
The Federal Reserve Has Made Our Economy Less Stable
The U.S. economy was much more stable before the Federal Reserve came into existence. It bears significant responsibility for every financial crisis over the past century including the Great Depression, the stagflation of the 1970s and recent economic meltdown.