Do you think the current vague policy framework is consistent with the principles of good central bank design? No. Yes. Explain your answer. Nonspecific objectives reduce the independence of the Fed. Vague objectives leave the Fed more flexibility in responding to economics events. The vague policy framework diminishes the Fed's ability to respond to economic events. The vague objectives promote the independence of the Fed. Do you think the current vague policy framework is consistent with the principles of good central bank design? No. Yes. Explain your answer. Nonspecific objectives reduce the independence of the Fed. Vague objectives leave the Fed more flexibility in responding to economics events. The vague policy framework diminishes the Fed's ability to respond to economic events. The vague objectives promote the independence of the Fed