Why should the Fed remain independent of the US government?

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2007-06-07 15:48:59 · 2 answers · asked by Anonymous in Politics & Government ➔ Government

Is it? If so, then why would Congress have to confirm the Federal Reserve Board Chairman? Doesn't sound too independent to me.

2007-06-07 15:55:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋

The Federal Reserve is a private business, owned and operated by some of the richest people in this country. -RKO- 06/07/07

2007-06-07 16:07:57 · answer #2 · answered by -RKO- 7 · 0⤊ 1⤋