In his book The Quiet Revolution: Central Banking Goes Modern, Alan S. Blinder, a former vice chairman of the Board of Governors of the Federal Reserve System, positively assessed the advantage of group decision making by policy committee on the basis of certain assumptions.
He pointed to two developments behind the spread of the committee system: the worldwide trend of increased central bank independence from the government; and growing recognition of the system’s success in the United States and Germany, where it had been introduced as a pioneering effort.