In what way does the Federal Reserve have a high degree of instrument independence? If it has

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In what way does the Federal Reserve have a high degree of instrument independence? If it has a specific mandate from Congress to achieve "maximum employment and low, stable prices," then how does the Fed have goal independence?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:01 AM

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In what way does the Federal Reserve have a high degree of instrument independence? If it has

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It has a high degree of instrument independence in the sense that it can ...View the full answer

The Economics of Money Banking and Financial Markets

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