The main argument against Fed independence is that

Question

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The main argument against Fed independence is that in a democracy, elected officials should make public policy. Some people argue that the power the Fed has over the economy is undemocratic and that decisions on monetary policy should be made by elected officials who are accountable to the public. This argument is based on the idea that monetary policy has significant effects on the economy, and therefore, elected officials should have the final say on policy decisions.

The Main Argument Against Fed Independence Is That