The Fed is not allowed to set interest rates, and it is relieved of responsibility for promoting full employment.

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"I have accepted his request to be relieved of his responsibility, " Gomez said.

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Then last Thursday Keatley told me that a decision had been made: Wang Xiangwei had been appointed China editor and that I was being relieved of my responsibility in the new operation.

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The two respective central banks also would be statutorily stripped of their discretionary monetary authority and relieved of their ill-considered responsibility to manipulate monetary policy in pursuit of full employment.

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These plans relieved employers of planning for employee retirements, returning that responsibility to the employee.

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And while employers should be happy and relieved to gain this new level of transparency, it also comes with some added responsibility.

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