Comment Re:Engineers do dress well (Score 1) 166
Of course the Federal Reserve is a government agency. Congress created it. Congress can shut it down if it wants. It's not "accountable" because being accountable means, "politicians can fuck with it". And whoever the current President is would have a strong temptation to force the Federal Reserve to enact an inflationary monetary policy just before an election, because such a policy would cause a temporary increase in economic growth, and the negative effects of the inflation would not be felt until some time later. So, it's done exactly like the Supreme Court*: the President appoints the Board of the Federal Reserve System, the Senate confirms the appointments, and, afterwards, the President can't fire or control the appointed official. Are you going to claim the Supreme Court isn't part of our government?
*Except that Congress can't fire a Supreme Court justice but could completely rewrite the Federal Reserve Act and fire whoever they wanted at any time.