In: Economics
The Fed is the independent monetary authority for the USA.
They control the money supply, interest...
The Fed is the independent monetary authority for the USA.
They control the money supply, interest rates, and have big impacts
on economic activity, the bond market, and inflation. Other nations
have their "own" Fed. Discuss how the Fed is insulated form
political pressure and how that insulation allows the Fed to do the
best job possible. If there was independence and more political
influence, then the Fed would be less effective.