1. Reflect on the ideas shared by your peer and provide a reply that offers helpful guidance or supportive feedback .
2. Centrals banks around the world are supposed to be 'independent' of government. However, we see significant influence from government in central banks' decisions about interest rates in some countries. Share your own experiences (if any) about such central bank policies and consequences in these countries.

The Federal Reserve Bank controls and sets monetary policy by controlling the country's money supply further thus influencing economic activity. The objective of monetary policy is to influence and enhance the performance of the economy through central banks, which manipulate the money supply in an economy. This is reflected by inflation, economic output and employment and results in affecting the demand which is contingent on peoples and firms' willingness to spend on goods and services. And although monetary policy and decisions are made autonomously and do not need approval by the federal government, any fiscal policy congress passes laws for spending needs to be approved from both the House of Representatives and the Senate. Furthermore, the governors who sit on the board are appointed by the president and confirmed by the senate which prohibits political factors from influencing monetary policy.