Okay you're all wrong.
Monetary is not a god power (Sorry Windjammer). However it was at least a non-playable power or at least the Fed was a non-playable position (okay, Talleyrand gets a cookie for not being wrong).
Now let me me correct Cranberry and by extension Hagrid
Pre-reform: GM simulates a Fed policy and economic conditions - Senate and President react with policies in response to those circumstances. This is where the action is anyway, legislation and therefore the best place to position that interaction in my view.
Post Reform: GM simulates economic conditions - Executive formulates Fed Policy and both Senate and PResident react with policy. In this case the executive is now responding with policies to a Fed decision it helped make, so either way you have that same problem, just in a different place.
There is still an interaction and someone will still be responding to themselves. The difference is where you want to place that interaction. The difference for me was thus over who controlled the Fed seeing as how both instances produced an interaction and I have long supported, a dynamic and powerful GM. Therefore I voted nay last time and will vote aye on this bill, and you can bet your boots there won't be any reluctance about that partner.