A member of Congress argues: "The Fed has too much discretion over granting discount loans. Congress should set the discount rate and then require that the Fed grants loans to any depository institution that wishes to borrow at that rate." Do you agree that this would be good policy?

Question

Quizplus · Accepted Answer

The Answer of A member of Congress argues: "The Fed has too much discretion over granting discount loans. Congress should set the discount rate and then require that the Fed grants loans to any depository institution that wishes to borrow at that rate." Do you agree that this would be good policy?

A Member of Congress Argues: "The Fed Has Too Much