like the Fed = like the Federal Reserve?

[NewHopeR]

Context:

The solution is to do something that many F.D.A. watchers have been proposing for at least a decade: Take the F.D.A. out of the Department of Health and Human Services and make it an independent agency, like the Fed.

Such an arrangement would give the commissioner a fixed term of six years, dischargeable only for cause. In the same way the president can’t overrule Fed decisions on interest rates, there would be no president or cabinet to overrule the F.D.A.’s decision to approve or deny a drug. (Of course, the Administrative Procedure Act would still apply, and these decisions would still be reviewable on procedural grounds, as they are now, in court.)

More:

(Why can't an NYT article link be put here?)

[SoothingDave]

Yes. "The Fed" in US political jargon is the Federal Reserve. (Which is NOT part of the US Federal gov't, but is independent. Its chairman is appointed by the US president to a 10 year term, with Senate approval.)

[NewHopeR]

Thank you.