Barney Frank actually said...

I think it is a terrible mistake to require all of the Federal Reserve Bank presidents to be appointed and confirmed by the Senate.

I understand that, but I assume that is what you wanted when you voted not to subject them to the appropriations process.

I think it will be less independent as a Fed, because as you know, the regional bank presidents have an independent staff...

That is a very good question and proves why we shouldn't pass the bill.