Case for federal reserve independence includes the idea

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Reference no: EM13836603

The case for the Federal Reserve independence includes the idea that

A. Political pressure would impart inflationary bias to monetary policy

B. A politically insulted Fed would be more concerned with long run objectives and thus be a defender of a sound dollar and a stable price level

C. A Federal Reserve under the control of Congress or the President might make the so called political business cycle more pronounced

D. All of the above

Reference no: EM13836603

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