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According to the speaker, what makes the Fed so powerful? And/or: Is the Fed a democratic institution? Why/why not? And/or: What was the Fed's chairman

  1. According to the speaker, what makes the Fed so powerful?
  2. And/or: Is the Fed a democratic institution? Why/why not?
  3. And/or: What was the Fed's chairman Volker's strategy to attack inflation?
  4. And/or: What is the "game of chicken" (or "collision") between the Fed and the President/Congress?

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https://www.c-span.org/video/?746-1/secrets-temple-federal-reserve-runs-country

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