“The Fed was created by Congress, and it is not part of the executive branch," former Atlanta Fed research director Robert Eisenbeis, chief monetary economist at Cumberland Advisors Inc. in Vineland, told Bloomberg. Some in Congress "have also called for a review of the Fed’s power and structure, saying Fed Chairman Ben S. Bernanke overstepped his authority as he bailed out creditors of Bear Stearns Cos. and American International Group Inc. while battling a crisis that led to $1.62 trillion in writedowns and losses at financial firms."But with the Fed resisting White House analysis, "no work has been done on the project, which was due Oct. 1." Full Article at Philly.com