The globalization of money weakens the Fed's control over the money supply.
The Fed has little to no control over international flows of funds,so it is limited in its power over the money supply.

Question

Quizplus · Accepted Answer

The globalization of money has led to an increase in international flows of funds, which the Fed has little control over. This limits their power over the money supply.

The Globalization of Money Weakens the Fed's Control Over the Money