I have a question about the independence of regulatory agencies. Start with the Fed. Do do you see your regulatory agency as independent of the president or as a creature of the president. >> The Federal Reserve is an independent a-olitical agency. >> The FDIC is defined by statute as an independent regulatory agency.We have also always tried to coordinate our activities with other agencies throughout the government. >> NCUA is an independent agency within the executive branch. One way you could describe ou ...