One source of independence for the Fed is the term length for members of the Board of

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One source of independence for the Fed is the term length for members of the Board of Governors. In the chapter before last, we learned that the Fed is a “money machine.” Does this suggest another source of Fed independence from Congress?

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Economics A Contemporary Introduction

ISBN: 9781305505469

11th Edition

Authors: William A. McEachern

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Question Posted: Oct 07, 2023 11:58 PM

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One source of independence for the Fed is the term length for members of the Board of

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The Fed does not have to rely on Congress for its budget ...View the full answer

Economics A Contemporary Introduction

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