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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?

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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.

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