Michael S. Barr: “If politics were to get involved in monetary policy it would dramatically reduce the effectiveness of what the Federal…”

I personally oppose it quite significantly. I think it is, I would use a technical term, 'dumb,' the way they describe their rule.

Shouldn't this be a more transparent public Board meeting and a deliberative process that includes all members of the Board?

We are playing right into China's strategy.

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.