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The financial crisis forced the Fed to be aggressive and creative in its attempts to provide liquidity to credit markets that had frozen up. These were necessary steps, and mostly applauded.
Congress is now clamoring to audit the Fed, and some of the policy proposals currently under discussion at the Federal Reserve will only increase the threat to its independence.
An independent central bank can focus on monetary policies for the long term--that is, policies targeting low and stable inflation and a monetary climate
A politically insulated central bank is more likely to be concerned with long-run objectives.