Monetary policy assessment

The Federal Reserve is the bank of the US Government. The US Treasury, which is controlled by the Federal Government prints money, but the Federal Reserve decides how much money is in circulation. Pros of the Federal Reserve Cons of the Federal Reserve Keeps the United States unified under one currency. The Federal Reserve Board is privately running by Monitor all banks in the United States to ensure their individuals who are not elected which some argue allows stability and make sure they are not overloaded with them to hide from accountability. risk and liability. Our economy has a disconnect with Congress controlling Can provide stability to the economy by setting interest taxes and the Federal Reserve controlling the money rates on loans being given nationwide and controlling supply. the amount of money in circulation. Writing Prompt: Many have argued that issues like money circulation and interest rates being handled outside of the government is a dangerous concept. In fact, some have concluded that due to the powers possessed by the Federal Reserve, the Federal Reserve Chairman has more power than the President of the United States. Explain in your own opinion whether the Federal Reserve should exist to help with economic stability in the United States or whether you believe Congress could handle this task on their own. Answer this prompt in a minimum of 6-8 sentences. O