Fed’s motivations

Fed’s motivations

In late 2009, during the debate over the DoddFrank Act, a newspaper article noted: Last summer, the central bank hired an experienced Democratic hand and former lobbyist, Linda Robertson, to help deal with members of Congress. . . . Mindful that Democrats now control the White House and Congress, Mr. Bernanke put up virtually no opposition to President Obama’s proposal for a new consumer agency that would take over the Fed’s authority over consumer lending issues. Do the points raised in the article shed light on the Fed’s motivations? Briefly explain.
Fed’s motivations