Is the Federal Reserve technocratic, undemocratic, and fiscally totalitarian?

For context, this is a question I answered on Quora

Yes, from its very inception it was created to serve the class interests of the bankers, full stop, and fuck everyone else. That is why they bailed out the bankers to the tune of $7.8 trillion in emergency discount rate loans while the common proles lost their livelihoods and homes. That’s not necessarily because of malicious intent but because that institution was DESIGNED to only serve one set of class interests.

How the Federal Reserve is an Instrument of Class Repression (Part 2)

The cheap credit glut they flooded the markets with for over a decade is one of the major reasons the younger generations cannot afford housing. Real estate speculation was put in hyper-drive after the Fed dropped overnight rates to near zero during the pandemic which allowed obscenely low mortgage interest. Again not necessarily malicious intent but when you kill “non-essential” jobs and economic growth the people who can get new money first at the lowest price are going to invest it in things that always become scarcer over time which is what real estate is.

How the Federal Reserve is an Instrument of Class Repression