AFAIK The Fed is solely in control of monetary policy and money supply and doesn't have to listen to Congress. Congress can only sell bonds on the market. Not making a value judgement about banks vs gov, but indirectly corporate borrowers and the Fed could cause inflation without Congress.

AFAIK The Fed is solely in control of monetary policy and money supply and doesn't have to listen to Congress. Congress can only sell bonds on the market. Not making a value judgement about banks vs gov, but indirectly coroporate borrowers and the Fed could cause inflation without Congress.