Supporters of the Federal Reserve System argue that it allows the president to have final influence and control over the nation's economic policies.

Question

Quizplus · Accepted Answer

The Federal Reserve System is an independent body that operates separately from the executive branch of the government. While the president does have some influence over the appointment of members to the Federal Reserve Board, they do not have direct control over its policies or operations.

Supporters of the Federal Reserve System Argue That It Allows