According to the authors of your textbook, the Federal Reserve is ________.

Question

Quizplus · Accepted Answer

According to the authors of the textbook, the Federal Reserve is remarkably free of the political pressures that influence other government agencies. While the Fed is technically accountable to Congress, it is designed to be an independent agency that can make decisions based on its mandate to promote maximum employment, stable prices, and moderate long-term interest rates. While Congress can threaten to reduce Fed independence, in practice, the Fed is relatively insulated from political pressures compared to other government agencies.

According to the Authors of Your Textbook, the Federal Reserve