X2. Very well said Bryce.

So who oversees and insures the ongoing integrity of the Fed seven or the other 5 members of the Federal Open Market Committee after they have been appointed and confirmed?

Absolute power corrupts absolutely.

The President can remove board members "For Cause"

""For cause" is generally interpreted to mean serious misconduct, inefficiency, neglect of duty, or malfeasance in office, not mere policy disagreements. "

Volcker was my uncles golf partner. As much as I respected my uncle, I'm not so sure I'd agree with your sentiment.

I have an opinion on this to be sure.........

but I'd much prefer Ken deal with this one...........

Getting rammed thru, when everyone had left for Christmas break wasn’t by accident,,,

How long can the clowns keep juggling the plates in this circus? I keep hearing 25% of taxes collected today is used to pay interest on the debt. The debt keeps growing.

If the rates are cut we get more of our old friend inflation.

If not we get a drop in the stock market and a lower GDP. Unemployment goes up.

I am very open to any corrections. I am no financial expert. My opinion is in spite of the current view that the dollar is still on firm ground it is instead a bit wobbly.

"Federal Reserve Governor Lisa Cook’s job seemed safe from firing by President Donald Trump after Supreme Court justices skeptically questioned the Trump administration’s lawyers on Wednesday about the grounds for Cook’s would-be termination and its effect on the Fed’s historical independence.

Justice Brett Kavanaugh warned Solicitor General D. John Sauer about the effects of his argument that Trump could fire Cook or other Fed governors “for cause” — but without judicial review of whether that purported cause of alleged mortgage fraud was legitimate.

“Your position that there’s no judicial review, no process required, no remedy available, very low bar for cause — that the president alone determines — and that would weaken, if not shatter, the independence of the Federal Reserve,” said Kavanaugh, one of the court’s six conservatives."