Question

Suppose legislation requiring the Fed to keep the inflation rate between 1.5% and 2.5% per year is passed by Congress. This law restricts the Fed's?

Answer 1

Answer:

goal independence.

Step-by-step explanation:

The Fed is comprised of 12 regional federal reserve banks and its affairs are been directed by a board of governors. The characteristics fed has, granted to it by the congress, make they to remain very independent from the activities of the executive and legislative arms of the government. The Fed makes different policies and also implement them - which helps to ensure the employment of persons are up at all times and to create stability in prices and that of the interest rates.