The Federal Reserve is, right now as well as for the last 30 years, doing exactly what it was meant to do. It has not made a mistake once.
Why? Very simple. Hyperinflation.
Assets is the usual suspect, and you'd be right. But there is another, hidden question buried within that answer.
How do you decide who owns what?
Well. With the Law. While the Law may be ethereal and mutable; the rule of law does not lose its value.
Enemies from outside AND within, remember?
This isn't an issue actually. Yes quality of life drops like a brick but the US isn't the first nor last reserve currency to go bankrupt. It kinda seems what they do.
Well you need a new currency. Backed by something else then faith. Whatever. Even this is not an issue. This is the Governments problem. The Federal reserve is not federal nor do they have a reserve of anything.
If the Fed bought stocks, the fed owns assets. Those assets will be repriced in the new market against the new currency.
Which would in this case be, the people who started the bank. Who invested in the first shares. Who provided starter capital.
The Shareholders. The Bankers.
The Fed *does* offer dividends.....
No. You wanna own trillions, you have to own the only things that has any value when everything else has no value, then you sell that piecemeal to live like a king.
The Fed's using the Rule of Law to transport assets across a currency reset event for it's shareholders. Basically converting fiat money into assets, distributing those assets, then converting them back into real value.