The Principal-Agent View of Fed Motivation Predicts That the Fed

The principal-agent view of Fed motivation predicts that the Fed acts

A) to promote the interests of the general public.
B) to promote the interests of the Fed's principalthe President of the United States.
C) in order to increase its power, influence, and prestige.
D) in order to make sure its agentscommercial bankscarry out its wishes.