Originally Posted by Jack Burton
Your looking at it wrong. Bush doesn't appoint anyone other than in a ceremonial sense. The bankers picked Bernanke.
Thats why Obama can't get rid of him. The Fed runs itself and the country.
Alan Greenspan admits in this clip that they operate outside of the reach of congress and the White House.
No, the president elects the fed chair and obama chose him for another term. Yea the Fed is independent but they were created thru the democratic process (federal reseve act of 1917).