Keep the Fed Independent?

Bernanke struggles to keep Fed independent

Federal Reserve Chairman Ben Bernanke is striving to maintain the central bank's independence, but legislation that has garnered much support in the House would require the Government Accountability Office to audit the Fed's activity. Bernanke said such audits would not be "consistent with independence." "I don't think the American people want Congress running monetary policy," Bernanke said at a recent town hall meeting in Kansas City, Mo.

Bloomberg