Congress could,if it wished,reduce the power of the Federal Reserve Board or even abolish it.

Name: Congress could,if it wished,reduce the power of the Federal Reserve Board or even abolish it.
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Question

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Congress has the power to reduce or abolish the power of the Federal Reserve Board through legislation. However, this is unlikely to occur, as the Federal Reserve plays a crucial role in the US economy and is seen as an independent institution free from political influence.

Congress Could,if It Wished,reduce the Power of the Federal Reserve