MUST WATCH! From today's Obama News Conference.Submitted by Stuck in foo-pit on Tue, 12/16/2008 - 13:50
You might have to watch 0:30 commercial. Fast forward to 13:50.
When Obama is asked about Fed policy he responds by saying: "...I don't think it's good policy for a President or President-Elect to second-guess Fed policy, which is an independent body."
So he admits the Fed is above presidential/governmental scrutiny.