When the government increases its spending and/or decreases tax rates, it can shrink the economy. this may conflict with the federal reserve's goal of encourage economic growth.
As a well-known rule, every time the government increases its spending and/or decreases tax rates we see a negative effect on the economy. Given that the government does not generate wealth or produce anything, it can only finance itself via taxation, money printing, and public debt. Those methods shrink the economy direct or indirectly. The Federal Reserve was created with the purpose of being an autonomous entity to encourage economic growth. Knowing it suppose operate separated from the government, one bad decision from the government can conflict with its main goal.
The political cicumstances around the latin revolutions against the European colonies reminded most American leaders of the American Revolution. As a result they supported these struggles.
