Members of Congress are able to influence monetary policy,albeit indirectly,through their ability to

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Members of Congress can propose legislation that would force the Fed to submit budget requests to Congress, similar to other government agencies. This could indirectly influence monetary policy as it may impact the overall resources and operations of the Fed. However, they do not have the direct ability to withhold appropriations from the Board of Governors or the Federal Open Market Committee, and instructing the General Accounting Office to audit the foreign exchange market functions of the Federal Reserve is a specific action that may not have significant impact on monetary policy.

Members of Congress Are Able to Influence Monetary Policy,albeit Indirectly,through