It's good that the Fed can set monetary policy without pandering to whatever short-term goals politicians have at the time, as they've thoroughly proven their i

It's good that the Fed can set monetary policy without pandering to whatever short-term goals politicians have at the time, as they've thoroughly proven their incapability to tackle long-term challenges like the deficit. I also don't think that bailing out SVB is a sign that Dodd-Frank was just symbolic, since not doing so would have pretty significantly hurt the USA's tech sector, which is is strategic nationally for the economy. But I can see an argument for limiting the Fed's purview to mostly be about monetary policy and less about enforcement of legislation, as it's done in other countries.