|You misunderstand the 'ownership' of the Fed. |
It is a central bank, not an appendage of private banks.
Dividends are 6% on the banks' capital investment, not a penny more, not a penny less.
The 'owners' do not sit on a board of directors whose function is to formulate and guide the Fed's policy. The member banks of the Federal Reserve System, several thousand of them, do elect a minority of the members of the Fed's Open Market Committee, which sets policy.
It's a very strange creature, easy to misapprehend.
The Fed has transferred a great deal of the purchasing power to themselves over the decades.
What are you talking about?