Why does the Federal Reserve Bank still exist? The real answer is that government largess such as Never-Ending Wars, Corporate Welfare, Wall Street Bailouts, etc. would not be possible without its existence. The Fed is a vile beast. For example, consider its 2% price inflation target. Mathematically, if achieved, this results in exponentially increasing consumer prices. Do you want to pay exponentially increasing prices or end the Fed? End the Fed. Godspeed.