So the solution is to make it completely political and every decision made done with an eye to what affect it will have on the upcoming election? Or to make the administration look bad? That's a solution? The real question is: how much of the Fed's power is controlled by we, the people?
Turning the whole shooting match over to Congress is having it controlled by you, the people? You really think that?
It IS completely political. Just not transparently so. Which is worse.
Turning the whole shooting match over to Congress is having it controlled by you, the people? You really think that?
Sounds like you have doubts about the republican format of government outlined in the Constitution.