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Is the Fed Influenced by Politics or Immune from Politics

Question 86

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Is the Fed influenced by politics or immune from politics, or does it fall somewhere in between the two? Explain how the agency maintains independence and/or how it is affected by politics. Does the United States need the Fed? If so, why? If not, explain why the United States does not need the Fed and propose what alternatives to it might be superior.

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The Federal Reserve, often referred to a...

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