Well the federal reserve isn't part of the government, so hurray for us I guess.

I guess we need another word for a monopoly central bank defined by federal law that controls the value of our resources.

Wikipedia says that it's under the jurisdiction of the Federal government of the United States. So maybe depends on how you define 'government'?

https://en.m.wikipedia.org/wiki/Federal_Reserve

Maybe it depends how you define "under the jurisdiction". Every citizen and corporation in the US is subject to the government's jurisdiction.

Yes, the government absolutely controls the Federal reserve, but likes to keep it out of "politics," which is code for "please don't talk about what we're doing here, it could be used to spook the cattle."

If only there was a consolidated federal balance sheet.