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The Fed has a pretty straightforward mission to balance inflation and employment. If they're doing a bad job of that, then the president or congress (acting on
by matteotom 5y ago
The Fed has a pretty straightforward mission to balance inflation and employment. If they're doing a bad job of that, then the president or congress (acting on behalf of the people) can act to hold them accountable. If congress decides that's no longer the right mission, they can pass a law changing it.
And there are countless historical examples (even recent) of peaceful or violent protests causing change to corrupt governments.