'Politicization' of the Fed (Dean Baker)

There's an interesting article in today's

about how Ben Bernanke has had to learn politicking, now that some in Congress are eager to provide more oversight of the Federal Reserve. The article discusses Ron Paul's bill that would allow the Government Accountability Office to audit the Fed:

Bernie Sanders is sponsoring the Senate version of Paul's bill.

Meanwhile, a Washington Post editorial is claiming that Christopher Dodd's proposed banking regulation would "politicize" the Fed by impinging on its independence in setting monetary policy, to which Dean Baker, in his blog Beat the Press, had this amusing response:

Washington Post: Taking Away the Banks' Control of the Fed is "Politicization"

Washington PostWashington Post

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—Dean Baker

I'm sure those changes are all in the works (and some of them well underway), alas, but in case they aren't, we wish you wouldn't give them any ideas, Dean!