Who controls the Fed

No one controls it.

As the central bank of the United States, the Federal Reserve has its independence and is not controlled by other agencies.

The Fed derives its powers from Congress.

It is treated as an independent central bank.

Because its resolutions do not require the approval of the US President or any higher legislative body, it does not receive funding from the US Congress, and its members’ terms span multiple presidential and congressional terms.

Its huge profitability guarantees its financial independence, largely due to its ownership of government bonds.

Therefore, the Fed’s control is also independent and not influenced by outside agencies.