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The Fed Isn't Independent, It Never Was, And It Doesn't Matter

By Forbes March 08, 2026 Neutral
The Fed Isn't Independent, It Never Was, And It Doesn't Matter
The Fed is not independent. It never was. What is a creation of politicians can't be independent, particularly when politicians appoint the most powerful members of the Fed board whose appointments are voted on by – yes – politicians.
The Fed is not independent. It never was. What is a creation of politicians can't be independent, particularly when politicians appoint the most powerful members of the Fed board whose appointments are voted on by – yes – politicians.