The Federal Reserve Board

The Federal Reserve Board

A) is elected by a majority vote of the governors of the fifty states.
B) was created shortly after World War II in an effort to prevent inflation.
C) will lower interest rates if it wants to slow down the economy.
D) has, according to the text, less political independence from the president and Congress than any other government agency.
E) has, according to the text, been insulated from democratic accountability since its creation.