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The Federal Reserve may be headed for a shakeup regardless of who wins the 2016 election, though Hillary Clinton is seen as less likely to demand radical change than Donald Trump.

Clinton, a Democrat, has called for greater diversity at the U.S. central bank, while defending the practice of recent U.S. presidents from both parties of not commenting on monetary policy. Trump has been vague on how the Fed should change, but has spurned the tradition of respecting its monetary policy independence. The Republican nominee has slammed it for keeping interest rates low, which he claims is designed to help cement President Barack Obama’s legacy.

Trump has already suggested that if he won the White House, he’d probably nominate someone else to lead the Fed once Chair Janet Yellen’s term expires in 2018. That creates “uncertainty as to who would be the nomination,” said Michelle Meyer, head of U.S. economics at Bank of America Corp. in New York. Clinton, on the other hand, would be less inclined to overhaul the 103-year-old institution. “I think she’d keep the Fed status quo.”

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http://www.bloomberg.com/news/articles/2...ins-white-house

US Constitution, Powers of Congress, Art I, section 8: To coin Money, regulate the Value thereof, and of foreign Coin,

As if that section matters. The money center in New York will continue to control our currency no matter who is elected.

The Fed was ostensibly founded to prevent severe economic fluctuations such as the Panic of 1907. Sixteen years after it was established what happened? That is in 1929?