Question

How is political independence embedded in the role of Fed chair? Why did Congress decide to...

How is political independence embedded in the role of Fed chair? Why did Congress decide to make the Fed independent of the rest of the Federal government?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer :

The political freedom installed in the part of Fed seat since he is the leader of the focal managing an account framework. The Congress chose to make Fed autonomous of whatever is left of the Federal government as a result of the expanding duty which may not permit Fed seat to convey obligation.

The Congress decided to make the Fed independent of the rest of the Federal government because of this is going the role of government is vast which does not require interference of any opposition party. Along these lines, it might upset gatherings who needs to get changes the administration's arrangement which is if there should arise an occurrence of Congress.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why did the United States have no central bank between 1836 and 1913?  Why did Congress decide...
Why did the United States have no central bank between 1836 and 1913?  Why did Congress decide to establish the Federal Reserve System in 1913?
Why did Congress decide to set up the Federal Reserve System in 1913? Do you think...
Why did Congress decide to set up the Federal Reserve System in 1913? Do you think that the Federal Reserve is needed today?
1. a Why does the President often find it difficult to control the bureaucracy? Congress prevents...
1. a Why does the President often find it difficult to control the bureaucracy? Congress prevents the president from controlling the bureaucracy The bureaucracy has gained substaintial independence because of its size, expertise, and role in implementing policy Because of the protection it receives from the Judiciary All of the above b. Who controls elections and the electoral process? The federal government States and local governments An independent agency Local elections are handled by local governments, but national elections are...
Explain the role of the Federal Reserve (the Fed)? How much discretion should the Fed have?...
Explain the role of the Federal Reserve (the Fed)? How much discretion should the Fed have? Should the Fed try to fine-tune the economy or simply keep money supply growing at a steady pace? Why?
What unconventional measures were used during the Great Recession? How did they work? What did Fed...
What unconventional measures were used during the Great Recession? How did they work? What did Fed chair say about continuing their use or returning to the conventional measures (specifically, paying interest on excess reserves or IOER). Discuss the role of expectations in setting monetary policy. https://www.federalreserve.gov/monetarypolicy/files/20180223_mprfullreport.pdf
In late 2009, Federal Reserve Chairman Ben Bernanke wrote the following in a column published in...
In late 2009, Federal Reserve Chairman Ben Bernanke wrote the following in a column published in the Washington Post: [Proposals in Congress to reduce the independence of the Fed] are very much out of step with the global consensus on the appropriate role of central banks, and they would seriously impair the prospects for economic and financial stability in the United States… Our ability to take [monetary policy] actions without engendering sharp increases in inflation depends heavily on our credibility...
Answer the following: How did the New Deal alter the role of the federal government? Discuss...
Answer the following: How did the New Deal alter the role of the federal government? Discuss specific New Deal reform programs. How did the federal government help the unemployed? The American farmer? The elderly and handicapped?, and Big business?
While the Federal Reserve is an independent entity, it is still subject to the political process....
While the Federal Reserve is an independent entity, it is still subject to the political process. In an extreme case, the U.S. Congress could rewrite and pass laws that govern how the Federal Reserve does its job. Identify a potential change (for example, targeting interest rates or targeting the balance of the money supply in the economy) you would make to how the Federal Reserve operates and explain why you would change it.
End the​ Fed? The U.S. Constitution does not explicitly give the federal government the authority to...
End the​ Fed? The U.S. Constitution does not explicitly give the federal government the authority to establish a central bank. This fact entered into the debate over the First and Second Banks of the United States in the early nineteenth century. Some of the opponents of those banks saw them as a means of exerting federal power over the states in a way that was not authorized in the Constitution. Many slaveholders in the South opposed the Second Bank of...
answer in 200 words. The Federal Reserve, like many other central banks, is an independent government...
answer in 200 words. The Federal Reserve, like many other central banks, is an independent government agency but also one that is ultimately accountable to the public and the Congress. Examples of the Fed autonomy are the long term served by each member of the board. Should the autonomy of the Federal Reserve System be preserved? Discuss the arguments for and against. and how the autonomy of the federal reserve system be preserved? and what is the connection? For example-...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT