Unravel the misnomer surrounding the Federal Reserve, an institution whose name may lead one to believe it is part of the government when, in reality, it operates as an independent entity. Despite its name, the Federal Reserve is not a governmental organization but rather a complex system of central banks, impacting the nation's monetary policy and economic stability. Dive into the historical context and structure of the Federal Reserve to understand how this misnomer has led to misconceptions and debates about its true nature.

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