You learned that the Federal Reserve (or simply Fed) is the U.S. central bank. The Fed is responsible for conducting the monetary policy and therefore, it has lots of power to intervene in the economy. Although its president and the members of the board of governors are indicated by the President of the United States and confirmed by the Senate, here, in this country, the central bank is considered to be independent. Do some brief research and explain what it means to be an independent central bank