“So is the Fed, according to you.”
“And I’d prefer that things are given oversight by the legislature instead of just one man.”
Which is the way it currently IS for the Fed.
Congress has oversight. The Fed is a creature of Congressional mandate.
“Which is the way it currently IS for the Fed.
Congress has oversight. The Fed is a creature of Congressional mandate.”
Yep, but the congress artificially limited the ways in which the Fed can be audited, and thankfully that seems likely to change.