BudMcLovin
Active Member
The President and Congress could change any rules the FED operates under or shut them down tomorrow if they really wanted to and there is nothing the FED could do about it. Of course Greenspan is going to say they are independent agency and in a lot of respects they are but it exist because the President and Congress allow it. I personal think the FED has way too much power for unelected officials but then I'm a libertarian and I think government in general has usurped way to much power over the years.