🇺🇸 Fed Chair Jerome Powell says "we're not allowed to own #Bitcoin"

JUST IN: 🇺🇸 Fed Chair Jerome Powell says "we're not allowed to own #Bitcoin" https://t.co/SQnNfqnTni

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is the fed in the usa allowed to decide about how treasury funds are used?

The Federal Reserve in the USA is not allowed to decide how Treasury funds are used. The Federal Reserve's primary role is to manage the money supply and maintain economic stability by setting interest rates and regulating banks[1][5]. The U.S. Treasury, on the other hand, manages government spending and borrowing, including issuing Treasury securities[1][4]. While the Federal Reserve and Treasury collaborate on certain financial operations, such as conducting Treasury auctions, the Fed does not have authority over how Treasury funds are allocated or used[1][4].

Sources:
[1] U.S. Treasury vs. Federal Reserve: What's the Difference? - Investopedia https://www.investopedia.com/articles/economics/08/treasury-fed-reserve.asp
[2] Explaining the new Fed-Treasury emergency fund https://www.brookings.edu/articles/explaining-the-new-fed-treasury-emergency-fund/…