Nick Timiraos, the Fed's mouthpiece: The Fed's autonomy is often called its independence

On May 3, Nick Timiraos, the "Speaker of the Federal Reserve": The Federal Reserve's autonomy, often referred to as its independence, stems from the institutional establishment of Congress, which created a committee of officials with long and staggered terms, enjoyed protection from recall, and gave the agency full control over its budget (and buildings). (East News Agency)