Assignment:
Question1. Review arguments concerning the desirability of periodic auditing of Federal Reserve policies, procedures, and finances.
Question 2. Why are policy recommendationsby the Fed Chair rarely rejected by the FOMC?
Question 3. Does the theory of bureaucratic behavior indicates that the Fed never operates in the public interest?Evaluate.
Question 4. Is it correct to assume that because of its independence that the Fed always takes the long rather than the short view on monetary policy issues?
Quuestion 5. Does the independence of the Fed leave it completely unaccountable for its actions? Explain.
Qiuestion 6. How are Congress and the President able to exert influence over the Federal Reserve?