The Federal Reserve System (the Fed) has the authority given to it in 1913 to print and maintain the US dollar, monitor and regulate commercial banks, and act as the bank for the United States government. Should the Fed be independent of the executive branch of the government? Or should it be like other departments of the government like the Department of State with its secretary appointed by the president? Please post your point of view in a coherent way summarizing the pros and cons and your personal view on the subject.
To get the full credit, your discussion should be of proper length, 2-3 short paragraphs totaling at least 150 words and make a comment on at least one classmate’s post. You must post your discussion before you can see others’. Please post your discussion by Wednesday 11:59 pm so your friends have time to read and make comments by Friday, 11:58 pm.
I will start grading after the due date and time.