Illustrate what are the best goals for the fed

Assignment Help Macroeconomics

Reference no: EM1335492

This addresses the goals of the Fed & restraint/expansion.

The Federal Reserve System (aka, the Fed) has a large measure of political independence. The Board of Governors, appointed by the US president and confirms by the US Senate, serve 14 year terms. In addition, the Federal Open Market Committee includes representatives of private banks in the Federal Reserve System.
What are the best goals for the Fed? Should it lean toward restraint or toward expansion? Why?

Reference no: EM1335492

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