The Federal Reserve
A)is not considered one of the more independent central banks
B)is insulated from politics by the staggered 14-year appointments of Board members and by having its own source of income
C)is more concerned with generating income than it is with achieving price stability
D)is answerable to Congress and must do its bidding
E)is answerable to the President and must do his bidding

Question

Quizplus · Accepted Answer

The Federal Reserve is insulated from politics by the staggered 14-year appointments of Board members and by having its own source of income, which allows it to operate independently and focus on achieving its monetary policy goals.