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The Federal Reserve System [Fed] has a huge measure of political independence. The Board of Governors, appointed through the United States president and confirms by the United States Senate, serve fourteen year terms. In addition, the Federal Open Market Committee includes representatives of private banks in the Federal Reserve System.
What are the best targets for the Fed? Should it lean toward restraint or toward expansion? Why?

Macroeconomics, Economics

  • Category:- Macroeconomics
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