There are some politicians in the US Congress that believe t

There are some politicians in the U.S. Congress that believe the Federal Reserve should be less independent from the U.S. government. Some say this would be a disaster for the U.S. economy. Do you agree or not with those who seek to reduce central bank independence? Why? Explain your answer in a comprehensive way, providing any data available and making reference to studies available on this issue.

Solution

References:

https://www.cbsnews.com/news/why-the-federal-reserve-needs-to-be-independent/

https://www.forbes.com/2009/12/01/grayson-paul-fed-independence-opinions-columnists-thomas-f-cooley.html#7b197b7227e4