central bankers

Why Is The Federal Reserve Board Independent?

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Why Is The Federal Reserve Board Independent? The primary justification for an independent Federal Reserve is the need to insulate it from short-term political pressures. Without a degree of autonomy, the Fed could be influenced by election-focused politicians into enacting an excessively expansionary monetary policy to lower unemployment in the short-term. Is the Federal Reserve

How Does The Fed Remain Independent Of Political Pressures?

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How Does The Fed Remain Independent Of Political Pressures? The monetary decisions of the Federal Reserve do not have to be ratified by the President (or anyone else in the Executive Branch). The Fed receives no funding from Congress, and the members of the Board of Governors, who are appointed, serve 14-year terms. How is