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If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.

Monetary policy is not a panacea.

I do not want America to default on its debt.

There are limits to monetary policy.

I don't want to shut down the government.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

Any debate among politicians about monetary policy is counterproductive.

I don't want to continue to fund Obamacare.

Congress is not an ATM.