The Fed's freedom to control the supply of money and interest rates unhampered by constraints of the U.S.Treasury was the principle result of the

Question

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The Accord of 1951 was a significant event that marked the Federal Reserve's independence in monetary policy from the U.S. Treasury. Before this agreement, the Fed was expected to maintain low interest rates to help the Treasury finance its debts, especially during and after World War II. The Accord allowed the Fed to operate with greater independence, focusing on controlling inflation and managing the money supply without being directly influenced by the Treasury's debt management needs.

The Fed's Freedom to Control the Supply of Money and Interest