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An Independent Federal Reserve Could Be Constitutional

Stripped of its coercive powers, the Fed would structurally resemble America’s first national bank, chartered in 1791.

First seen · 7:16 PM UTCMay 11, 2026

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National Review
Center-RightNational Review Institute
An Independent Federal Reserve Could Be ConstitutionalStripped of its coercive powers, the Fed would structurally resemble America’s first national bank, chartered in 1791.
7:16 PM UTC

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