The Structure Of The Federal Reserve System

the modern day Federal Reserve System consists of a seven-member Board of Governors, 12 regional Federal Reserve banks and their branches located throughout the country, approximately 3000 member commercial banks and a series of advisory committees. The structure also includes the powerful Federal Open Market Committee otherwise known as the FOMC which conducts the nation's monetary policy that can greatly affect even the best forex trading markets.
There are some major players in the Federal Reserve System and their responsibilities and powers are great. The 12 Federal Reserve banks in each region assist in clearing and processing checks and certain electronic funds payments in their respective areas of the country. They also issued Federal Reserve notes, act as depository for banks in their respective districts, monitor local economic conditions, provide advice to the Federal Reserve Board and participate in the making of monetary policy.
When first established, Federal Reserve district banks were intended to represent regional interests in Washington and to provide for the credit needs of their regions. Vast, they were given power to issue currency and establish this count rates applicable to all institutions in their regions that wish to borrow from them. Such changes and news are sent down the wire as forex trading tips so that traders will know whether or not to close their positions based on how this news affects the dollar. historically, discount rates occasionally have varied from one Federal Reserve bank to another. In recent years, however, the Federal Reserve Board has used its power to review discount rates to enforce uniformity. So so why does this seem to always be to the detriment of the American people. If policy is to be set why isn't it sat in such a way that does not diminish the middle class. Corporate welfare is the name of the day as they get any bailout that they ask for while shipping jobs overseas. Could it be that the structure of the Fed is broken?