Question

Should the Federal Reserve Chair continue to be independent or should laws be amended to make the position subordinate to the president and congress? Explain using a short paragraph with a well thought out reason(s) supporting your response.

Answer 1

ans....
The Federal Reserve chair should continue to be the independent of the president and congress, because it will help the Federal Reserve to act and implementing the policies that are best for the interest of the economy of the USA. These policies will be free of any undue political influence and apply the policies solely on the basis of merit. Besides, no any government will take the credit of the work done by the Federal Reserve and the performance of the economy will not be used by the government to be used as a part of the political agenda. Hence, undue influence upon the voters will be prevented.
If the chair becomes the subordinate, then the chair is bound to respond to the suggestion of the president or Congress. It will also create unnecessary pressure to add the proposals of the president into the policies that many not be as successful or the policy may benefit a few particular states. It will not be good for the USA as a federal arrangement between states and the Federal government.