In making policies about the nation's money supply, the Federal Reserve Board
A)operates as an independent entity.
B)must consult each member bank.
C)must consult with Congress.
D)must coordinate all activity with the White House.

Question

Quizplus · Accepted Answer

The Federal Reserve Board operates as an independent entity, meaning it is not under the direct control or influence of the executive branch or Congress. This independence is meant to allow the Fed to make decisions based on economic data and analysis rather than political pressures.

In Making Policies About the Nation's Money Supply, the Federal