During an interview on PBS Newshour, on September 18, 2007, to the
question by Jim Lehrer: “What is the proper
relationship, what should be the proper relationship between a chairman of the
Fed and a president of the United States?”
Alan Greenspan
declared: “Well, first of all, the Federal Reserve is an independent agency,
and that means, basically, that there is no other agency of government which
can overrule actions that we take. So long as that is in place and there is no
evidence that the administration or the Congress or anybody else is requesting
that we do things other than what we think is the appropriate thing, then what
the relationships are don't, frankly, matter.”
