No, the continued independence of the Fed is one thing that has stayed sane in all the current insanity.
Do you really want Congress directly controlling the interest rate? Do you want Trump doing it? Do you think that's going to have a better outcome than an independent Fed?
I think it would have a massively worse outcome. Congress is allowing Trump to set tariffs at his personal whim, and it seems to be really just at his whim. That's bad enough to have international trade yanked around like that; I don't want interest rates to directly yank around the domestic economy in the same way.
Do you really want Congress directly controlling the interest rate? Do you want Trump doing it? Do you think that's going to have a better outcome than an independent Fed?
I think it would have a massively worse outcome. Congress is allowing Trump to set tariffs at his personal whim, and it seems to be really just at his whim. That's bad enough to have international trade yanked around like that; I don't want interest rates to directly yank around the domestic economy in the same way.