["Fed's Mouthpiece": The Federal Reserve's Independence Stems from Congressional Authorization, Implying It Is Not Subject to Presidential Will] According to Jintou's report, "Fed's Mouthpiece" Nick Timiraos stated that the Federal Reserve's autonomy, often referred to as its independence, originates from the institution established by Congress. Congress created a committee composed of officials with long, staggered terms, protected from removal, and granted the institution full control over its budget (and buildings).