It's more that the Fed was actively working to bypass their own system. For example, in changing the minutes of meetings, in refusing to let her file a report that the boss would then have to overrule, and in general telling her that she was blanket wrong in a matter of interpretation.
I don't see why consensus is such a necessary issue. We don't have consensus in any part of our government, but we are quite happy having dissenting supreme court justices write their own opinions. Why can't regulators also have dissenting opinions? The health of our economy is far more important than anyone's personal feelings in the matter.
I don't see why consensus is such a necessary issue. We don't have consensus in any part of our government, but we are quite happy having dissenting supreme court justices write their own opinions. Why can't regulators also have dissenting opinions? The health of our economy is far more important than anyone's personal feelings in the matter.