Critics of Fed independence argue that
A)monetary policy and fiscal policy are necessarily inconsistent.
B)political control ensures low rates of inflation.
C)monetary policy run by specialists is inherently inflationary.
D)unelected officials are undemocratic.

Question

Quizplus · Accepted Answer

Critics of Fed independence argue that unelected officials making decisions about monetary policy are undemocratic. They believe that the Federal Reserve should be subject to more direct political control, despite the potential for this to result in less effective monetary policy.

Critics of Fed Independence Argue That