Central banks and monetary policy

Please describe what you think would be the ideal role and structure of a central bank for the United States?    Would you make changes from the current structure?  If so, how?   Why?    If not, why not?    
 
What are the Federal Reserves policy goals or its targets?  Do you believe the Federal Reserve has the tools necessary to accomplish its current set of policy goals?  Would you suggest changes to the Feds existing set of goals?  What should they be?  Why?  If not, why not?
 
Are there any regulatory rules or practices you would alter?  Why?

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