["Federal Reserve Mouthpiece" Nick Timiraos: The Federal Reserve's autonomy, often referred to as its independence] Golden Finance reported on May 3: "Federal Reserve 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 and staggered terms, protected from removal, and granted the institution full control over its budget (and buildings). (Dongxin News Agency)