1a.How is the Fed different from the Treasury? And B) why were they separated in 1913, the year the Fed was created?

1c.How does expansionary monetary policy use open market operations to achieve its goal of economic stimulation (raising the RGDP)?

1d.How does contractionary monetary policy use interest rates and required reserves to achieve its goals of reducing inflation?

1e.The Fed is the most independent federal agency there is, with loyalty first to the American public and the wellbeing of its economy, but just how truly independent is it from the political motives of politicians, especially from those of White House's?