The independence of the Fed leaves it completely unaccountable for its actions. Is this statement true false or unceratin.?

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The independence of the Fed leaves it completely unaccountable for its actions. Is this statement true false or unceratin.?



Answer: False the Fed is still subject to political pressure because congress can pass legislation limiting the Feds power. If the fed is performing badly, congress can therefore make the fed accountable by passing legislation that the fed does not like.

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