Some economists and lawmakers believe the Fed lost some of its independence when it

Question

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When the Fed began working closely with the Treasury Department during the 2008 financial crisis, it led to concerns about the Fed's independence. Some believed that the Fed was taking on too much responsibility in coordinating with the Treasury Department and that it was compromising its ability to make independent decisions. This perception was further reinforced when the Fed undertook unconventional monetary policy measures like quantitative easing, which involved purchasing large amounts of government securities to stimulate economic growth.

Some Economists and Lawmakers Believe the Fed Lost Some of Its