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The Federal Reserve’s independence is due in part to the fact that it does not rely...

The Federal Reserve’s independence is due in part to the fact that it does not rely on Congress for its (blank).

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Answer #1

The Federal Reserve’s independence is due in part to the fact that it does not rely on Congress for its Monetary policy.

Federal Reserve's monetary decisions doesn't need any approval from the government, however, they must submit a semi-annual repport on monetary policy to Congress.

Independence helps them to I dilate themselves from any political pressure. In 1913, Congress delegated the power to coin/print money to the Fed through the 1913 Federal Reserve Act.

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