Part 7/9:
However, the prospect of an audit does not come without concerns. One of the primary fears revolves around the potential for increased political interference in the Fed's operations. Critics stress that while oversight is essential, there’s a delicate balance to maintain. Central banks must retain a degree of operational independence to protect against political whims that can impact economic stability. Historically, nations that did not insulate their central banks from political pressures faced detrimental consequences, including economic instability and manipulative interest rate adjustments.