In theory,the Fed is

Question

Quizplus · Accepted Answer

The Federal Reserve (Fed) is independent of both the president and Congress, meaning it has the autonomy to make monetary policy decisions without political influence. While it does play a role in fiscal policy, it is not the main fiscal policy body in the federal government. It is also not the only national entity responsible for economic policy, as there are other government agencies involved in economic regulation and management. However, it is not a central planning body for the economy, as it operates within market principles and does not dictate specific economic outcomes.

In Theory,the Fed Is