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Give two reasons that support the independence of the Federal Reserve Bank and two reason against...

Give two reasons that support the independence of the Federal Reserve Bank and two reason against such independence.

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two reason that support independence of the Fedral Reserve Bank

1.independent Fed addresses well long term economic objective as it is easier to make policies for public interest.

2. independent Fed is free from political pressure that if Fed is not independent any election focused politician into enacting an expansionery monetary policy which lead to increase in unemployment in short term.

two reason against independence of the Fedral reserve bank

1. in against theuy said that it is fundamentally unconstituional.

2. thy also suggest that it is undemocratic to have an unelected agency,unaccountable to the US public, agency will dictate monetary policy.

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