Analysis Of Zoe Thomas Article On The Federal Reserve

The Federal Reserve bank is the central bank of all American banks. Its main job is to make sure the America economy is safe and sound. It is known as nicknames such as the “Fed” and ‘The Banks’ Bank.” For many years this “banks’ bank,” is met with animosity. In an article on the BBC by Zoe Thomas, titled “Why do many Americans mistrust the Federal Reserve?” they explain the reason behind many Americans hatred or mistrust in the United States Federal Reserve. They go on to explain it through many reasons such as, the former chairman’s tenure compared to chairman Janet Yellen’s tenure, the bailing out of many of American banks, how it is being run at that moment, and the dislike by many American forefathers from the start of it. The article

The author of the article, Zoe Thomas, does an obvious understanding of this and shows it throughout her article. The article states that, “...when it comes to the Federal Reserve, many Americans feel their central bank is broken, pointless or at worst bad for the country,” (Thomas). This is perfectly shown in this article. Thomas does a good job of explaining the reasoning with many points throughout the article and helping the reader truly understand almost everything about this argument. In example, “...the Fed's decision to bailout the banks has shaped many Americans' current distrust of the central banking system more than the prolonged period of low interest rates,” (Thomas). While their could be more points or reasoning behind an American’s distrust of the banks and the Federal Reserve especially, the article manages to state key or most common reasons for mistrust of the American central bank. Other than this, every paragraph presented adds onto the overall explanation and reasoning of the main purpose of explanation. While the purpose is somewhat muddled with the presentation of what the Fed can do better to improve, it is still pretty easy to follow and it does not seem too out of place to mention this. Due to the purpose being explain rather than persuade, the article ads a freedom of choice to it. Its goal is not to get the reader to lean one specific side or the other, but rather to read and understand. If they have to from the presented arguments, they can choose to mistrust the Fed or not. But, due to the articles presentation of only arguments against the Fed, there is a sort of undercover persuasion in the article. Without any evidence supporting the Fed, the reader could be led to believe that the only option is to mistrust the Fed. What stops this from being persuasion only, is the straight facts that the article