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I can see why someone would have a issues with "a bunch of rich bankers appointed by politicians" controlling American monetary policy.Yellen had a long academic career before going into public service (with various roles at the Fed before becoming Fed chair):
* https://en.wikipedia.org/wiki/Janet_Yellen
Bernanke had a strictly academic career before going into public service (and was/is probably one of the foremost experts on the Great Depression, something that was handy in 2008/9):
* https://en.wikipedia.org/wiki/Ben_Bernanke#Academic_and_gove...
Greenspan was in the finance world pre-Fed. Volcker was in government for his entire career pre-Fed:
* https://en.wikipedia.org/wiki/Paul_Volcker#Career
I think people over-estimate how many "rich bankers" are in the Fed, especially at the FOMC.
Bloomberg's Odd Lots podcast with some Fed members in recent years, especially the more obscure regional ones, about their work, and how they often go out and talk to local businesses about what's happening 'on the ground'.