Chattiest - What would happen to the economy if the president disbanded the Board of Governors?

What would happen to the economy if the president disbanded the Board of Governors?

What would happen to the economy if the president disbanded the Board of Governors? What are the advantages of having this board? How does the board's decisions affect daily life?

Public Comments

Nothing in the short term. Someone else would step in.

The board however is independent of short term politics, ensuring stability of the monetary system. This is necessary to stay trustworthy in the eyes of other states and international banks, as well as the American people.
It would, sort of, be like a monarchy. Without the board of governors the voice of many will not be heard. It would only be the president's choice. Advantages are,

- voice of the people within the jurisdiction of the governor will have a more chance of being heard.

- Different suggestions will be heard throughout the meeting.

The board of Governors usually have a high percentage that their voice or suggestion will be chosen in the said meeting.

Hope this one helps...