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Should the Federal Reserve Be Independent?

While fiscal policy is voted on by Congress and can easily get caught up in partisan political infighting, monetary policy is supposed to be immune to this type of politics. In fact, it is said that the Federal Reserve is independent. Read these articles about the Federal Reserve and share your opinion. Is the Federal Reserve independent? Can it truly be? Should it be? Why is important or not important for the Fed and monetary policy to be independent? Do you think monetary policy or fiscal policy is more effective and why? When do you think that fiscal policy should be used versus monetary policy?

 

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