To some extent the Federal Reserve considers itself government. Other times, when it serves, it considers itself not government.
Every President has to have a scapegoat.
No President is going to be satisfied with 3% growth in the economy even when you explain to him that over the long term things will be fine for everyone at 3% growth. He says: 'I'll go for 5% growth and let the next guy settle for 3%.'
