It's not the Federal Reserve, it's the system it serves (tags)
If the Fed were eliminated, the exact same powerful capitalist interests would be continue to bend government policy to their preferred outcome and would continue to exercise the same dominance over government, social institutions and the mass media. The only difference would be that the economy would become more unstable than it already is because there would be less ability on the part of government to dampen excesses. Why would that be good?