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Independence of the Federal Reserve

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I need help with a topic about the Federal Reserve. Should the Fed remain independent from political authority or should the President and Congress have a say in their operations? Why? Why not?

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There are some advantages if the Federal Reserve remains independent. One is it improves the confidence other countries have in the US currency. However, the US President and the Congress should have a say in the operations of the Federal Reserve. This is because the President and the Congress are responsible for the fiscal policy ...

Solution Summary

Independence of the Federal Reserve is explained in a structured manner in this response. The answer includes references used.

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