[MinorityRepublican]

The Biden administration has no power to alter Fed policy, nor does any other administration.

Do you really believe that?

[Miami Rebel]

Yes.

Almost every administration has advocated for easy money, including the Trump presidency, but the Fed tends to turn a deaf ear.

The only direct action that a President can take is to fire a governor for cause. This has never happened because the reality is that doing so would blow up the Fed’s credibility and lead to a run on the dollar.