The issue is it's not just the Fed, it's the administrative state as a whole. The President appoints the Fed board and the FCC commissioners and the DoJ and the FDA, and then they make policy though nobody elected them.
The rulemaking role of these agencies should be a subset of the legislature and the Congress should have to vote on their proposals before they become law.
Congress can barely agree on a debt ceiling without playing football every year.
Having them vote on the price tiers of postal service package weights or Amtrak route schedules seem like a surefire way to bring the management of every public agency to a standstill.
In fact, the only example we really have of our congress being in charge of setting rules for a public agency is the tax code— and its a mess of carve-outs, loopholes, stopgaps (AMT minimums?) that most lay people need to use a certified professional to simply perform a required function ever year. And it’s consistently subject to political football, drastic policy changes based on whatever party is in power, and core issues that congress was originally supposed to solve by running it (like supposed to balance how much money it brings in against public expenses) are often ignored anyways.
The point of a republic is not to put every decision to a vote, but to elect people we trust to be in charge— which includes who they appoint to run agencies, etc. In fact, that’s where most of the president’s power Tiber policy comes from— and it makes sense why, since he’s the only person in our government we all have a say nationwide in electing.
Eliminate the amount of people. Unrealistic, but I think the US should get rid of state governments and only have a federal and county governments. Municipal governments can still exist, but really only in regards to city planning and infrastructure decisions. Issues like schools, police, social, the environment should really be consolidated at the county level anyways.
Barring that, I think the current system is definitely better than adding congress to the list of decision makers. In fact, that increases the too many cooks in the kitchen problem even more.
> US should get rid of state governments and only have a federal and county governments.
That would be one approach. However, back to my point on the unscalability of people, I'd argue going the other way, and pushing the (arguably scope-creep) functions that the federal government has assigned itself back to the states.
The rulemaking role of these agencies should be a subset of the legislature and the Congress should have to vote on their proposals before they become law.