12 May WHAT DO YOU THINK ABOUT THE FED BEING INDEPENDENT OF GOVERNMENT?
As we read this unit, the Fed is an independent agency of government. What do you think about the Fed being independent of government? Is this too much power for a group of people to have? Why? Why not? Please read the following articles as you make your case for/against the Fed independence. Feel free to find credible articles that support your views on this issue. Website Articles Federal Reserve Bank of San Francisco: How is the Federal Reserve Structured? Board of Governors of the Federal Reserve System: Federal Reserve Independence bV Vlce Chairman Donald Kohn CBS Money Watch.com: Why the Federal Reserve needs to be independent Federal Reserve Bank of Dallas: Defending Central Bank Independence The New York Times: Under Attack. Fed Chief Studies Politics The Washington Post: Dodd’s overhaul goes well beyond other plans Brookings: The Federal Reserve’s Independence Is at Risk
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