The fed promotes secrecy by not releasing FOMC minutes to the congress or the public immediately. Discuss the pro's and con's.

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The fed promotes secrecy by not releasing FOMC minutes to the congress or the public immediately. Discuss the pro's and con's.



Answer: The argument for not releasing the FOM Cdirectives immediately is that it keeps congress off the fed's back, thus enabling the Fed to pursue an independent monetary policy that is less subject to inflation and political business cycles. The argument for releasing the directive immediately is that it would make the fed more accountable.

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