Question

The Fed promotes secrecy by not releasing the minutes of the FOMC meetings to Congress or the public immediately. Discuss the effects that this has on the markets. Does this lead the Fed to the notion that they are classified as secretive and independent

Answer 1

Answer:

By not discharging the minutes of the FOMC Meeting to Congress and open quickly , keeps up mystery and fends off Congress from questioning and meddling into the procedures of FED. Thus, to take their financial strategy choices freely without noting somebody quickly . It can follow a free money related approach that is less dependent upon expansion and political business cycles .  

FED doesn't turn out to be progressively clandestine and free in light of the fact that eventually of time FED is responsible to the Congress and open for its strategies .