Central bank independence shouldn't become a shield against legal oversight. The argument that the Federal Reserve's autonomy means it can bypass legal scrutiny is fundamentally flawed. Independence from political pressure doesn't translate to immunity from the law—that principle applies equally to everyone. No institution operates above legal accountability.
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Central bank independence shouldn't become a shield against legal oversight. The argument that the Federal Reserve's autonomy means it can bypass legal scrutiny is fundamentally flawed. Independence from political pressure doesn't translate to immunity from the law—that principle applies equally to everyone. No institution operates above legal accountability.