Great to see everyone is on board with “Federal Reserve independence” these days, what with LBJ screaming at and shoving William McChesney Martin into the wall at Johnson’s ranch, Reagan and Greenspan inventing the notorious Plunge Protection Team after the ’87 crash, Nixon giving Arthur Burns an earful on interest rates, and FDR turning regular people into criminals if they didn’t sell all their gold to the Fed for $20.67 per ounce. An “independent Federal Reserve” only lives in Fantasy Land.