The original Federal Reserve Act of 1913 allowed the secretary of the U.S. Treasury to be a member of the Federal Reserve Board, but a later amendment prohibited this. How would allowing the secretary of the U.S. Treasury to be a member affect the conduct of monetary policy?

Answer rating: 100% (QA)

Allowing the Secretary of the US Treasury to be a member of the Federal Reserve Board could have several implications for the conduct of monetary poli... View the full answer