An article in the Wall Street Journal notes: The Federal Reserve, though it has enormous power over
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An article in the Wall Street Journal notes: “The Federal Reserve, though it has enormous power over the U.S. economy, is designed to be independent of Congress and the president.” If the Fed has enormous power over the U.S. economy, why was it designed to be independent of Congress and the president rather than under their direct control?
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Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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