Discussion and debate about new policy rule legislation continued during the past week. I replied to Alan Blinder’s article, “An Unnecessary Fix for the Fed,” published in the Wall Street Journal last Friday (July 18). I show that Alan’s article was actually criticizing a straw man of his own making, not the proposed law itself. His main argument is that the legislation “seeks to intrude on the Fed’s ability to conduct an independent monetary policy, free of political interference.” I anticipated and refuted this argument in an article, “How to Spark Another ‘Great Moderation,’” published in Wall Street Journal on July 16. As I stated there, the legislation is very clear that “the Fed, not Congress, would choose the rule and how to describe it” and “since the Fed chooses its own rule, its independence is maintained.” My response goes into more detail.