Question

Why might some not approve of Federal Reserve autonomy?

Question 42 options:

a)	because this makes Congress have too much influence on the Federal Reserve

b)	because this makes the President have too much influence on the Federal Reserve

c)	because most Federal Reserve officials have little or no knowledge of economics

d)	because it gives too much power to unelected officials

Answer 1

The fed reserve is slightly overlooked by Congress to ensure if the economic objectives are met which include stable prices and employment. Option D is correct. Now the president, elected members and Congress have influence over fed which shall loose if it gets independent.
A) already Congress have influence so autonomy will only restrict
B)President elects the members of the fed so it will get restricted
C)
Most of them have little knowledge as the members are elected by the president