Jeb Hensarling actually said...

The Federal Reserve, as I have said several times in the last few days and will continue to say, is independent, but it is not unaccountable.

Hensarling emphasizes the Fed's independence while stressing the need for accountability.

12/11/2013

More Jeb Hensarling Quotes

Financial regulators possessed every regulatory power to prevent the 2008 financial crisis, but failed to do so.

It erodes agency independence and harms accountability.

We are the ones who are actually elected representatives of the American public.

FSOC's budget is not subject to congressional approval, removing yet another check and balance to its immense power.