The Federal Reserve is considered by experts to be a government agency that is
A) totally independent from the rest of the federal government.
B) semi-independent from the rest of the federal government.
C) closely tied to Congress.
D) subservient to the interests of large money-center banks.

Question

Quizplus · Accepted Answer

The Federal Reserve is considered semi-independent from the rest of the federal government. While it is not a part of the executive branch, it is subject to congressional oversight and its leadership is appointed by the president and confirmed by the Senate. However, the Fed is designed to carry out its monetary policy decisions without political interference.

The Federal Reserve Is Considered by Experts to Be a Government