Keep Trump, and every other president, out of the Fed

Julian Zelizer : Having 19 unelected bureaucrats in charge of the most important price in the economy is a bad idea.

Zelizer says the U.S. dollar has depreciated about 97 percent since the Federal Reserve was created in 1913 .

He says the more independent a central bank is, the more likely it will raise interest rates to stop inflation.

Trump 's team was circulating ideas on how to constrain the Fed 's monetary policy authority, Zelizer writes.