Fannie Mae-No Politics (FNMA)

[bcde]

"A president, if allowed to have influence over an agency like the Fed, could arbitrarily determine monetary policy to meet short term political goals instead of allowing an independent Fed do what is best for the country via the voting members of the agency.

It won’t happen ..."

The two exception criteria is crystal clear.

POTUS and Congress as well as FED know the law and they are doing the balancing act to keep the banking lobby happy and at the same time fooling all that FED is independent.

If it comes to testing the law, FED does not stand a chance under current two exceptions criteria.