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Why is the private ownership of the Federal Reserve System essentially meaningless How is central bank independence related to average inflation rates across countries How is the Fed insulate

1. Why is the private ownership of the Federal Reserve System essentially meaningless?

2. How is central bank independence related to average inflation rates across countries? How is the Fed insulated from executive branch pressures?

3. Why does the fact that the Fed finances its operations out of interest earned on its portfolio, with the excess returned to the U.S. Treasury, make it more independent of congressional pressure?

Apr 29 2020 View more View Less

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