Instrument independence is the ability of the central bank to set its instruments, and goal independence is the ability of a central bank to set its goals. These are the two concepts of central bank independence.
The Fed enjoys both types of independence.
economists think central bank independence is important because
Due to its profitability and the requirements for the Board of Governors' and its chairman's appointments, the Fed is essentially immune to political pressure.
However, the threat or passage of legislation that affects the Fed can be used to exert some political pressure. Because independent central banks are more likely to pursue lower inflation rates without damaging overall economic performance, independence is crucial.
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Answer:
unfunded mandates
Explanation:
Hello! Local governments exercise political autonomy thanks to the income they receive and that the law grants them. The correct answer is that a proponent will strongly disagree if the mandates are not funded. Another fact is that local governments have their own taxes.
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Mr. Neck thinks Melinda is a trouble maker the first time he meets her
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Answer:
ending trade barriers
giving countries the right of self-determination
establishing territorial boundaries
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Explanation: