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Before 1951, the Federal Reserve answered to the Treasury Department. Since 1951, it's been independent. Before participating in the discussion forum, please listen to this

Before 1951, the Federal Reserve answered to the Treasury Department. Since 1951, it's been independent. Before participating in the discussion forum, please listen to this episode of NPR's Planet Money podcast that talks about when and how the Federal Reserve Board became independent in 1951:Planet Money Episode 898: Happy Fed Independence Day. Do you think that it is still important that the Federal Reserve be independent and protected from political pressure?

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