2min chapter

FiveThirtyEight Politics cover image

Why The Federal Reserve's Power Is 'Limitless'

FiveThirtyEight Politics

CHAPTER

The Fed Is Already Pretty Separated From Partisan Pressure

The Fed is already pretty separated from partisan pressure. The seven governors in Washington are all presidentially appointed. You've then got 12 other officials sitting around the country and they are actually a quasi private institutions. But like I said, you do get a situation where these governors turn over pretty quickly.

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