Verified answer

In the short term the board of governors of the fed, and especially the chairman. They can do almost anything they want with trillions of dollars under today's laws. However they are appointed by the president and approve by congress to serve fixed terms, and the congress and the president can change the laws if they choose to, so in the longer term it is the elected government that is in control. The fed function is to stabilize the financial markets and along with other agencies regulate banks. If the markets react badly to the fed policy it influences their actions, but that is not the same as control.

Th Federal Reserve's policy decisions are controlled by the Federal Reserve Board.

As for where the Fed gets its power, it was decreed to the Fed by the Congress with the passage of the Federal Reserve Act of 1913.

the damn catholic church (vatican city) rules it behind the scenes! ruled by jesuits but the fed was started and controlled on behalf of the jesuits by the international criminal banking mafia such as the rothschild and rockefeller banking family dynasties! it is a PRIVATE bank, there is nothing federal about the federal reserve, the name federal reserve is just a name for that bank! its not part of the government!

the Catholic church owns it. - they control it.