Federal Reserve Board
As we read this unit, the Fed is an independent agency of government. What do you think about the Fed being independent of government? Is this too much power for a group of people to have? Why? Why not?
Please read the following articles as you make your case for/against the Fed independence. Feel free to find credible articles that support your views on this issue.
Federal Reserve Bank of San Francisco: How is the Federal Reserve Structured? (Links to an external site.)
Board of Governors of the Federal Reserve System: Federal Reserve Independence by Vice Chairman Donald Kohn (Links to an external site.)
CBS Money Watch.com: Why the Federal Reserve needs to be independent (Links to an external site.)
Federal Reserve Bank of Dallas: Defending Central Bank Independence (Links to an external site.)
The New York Times: Under Attack, Fed Chief Studies Politics (Links to an external site.)
The Washington Post: Dodd’s overhaul goes well beyond other plans (Links to an external site.)
Brookings: The Federal Reserve’s Independence Is at Risk (Links to an external site.)
SurnameName:Institution:Course:Date:Federal Reserve is an independent agency of government, and I think it’s important toinsulate it from the politicians’ actions. Fed’s independence…