Which statement is correct?
A) The Fed's actions are subject to executive branch control.
B) Politically controlled banks are better at fighting inflation than independent central banks.
C) The Federal Reserve is considered to be an independent central bank.
D) The Federal Reserve System is not subject to Congressional oversight.

Question

Quizplus · Accepted Answer

The Federal Reserve is considered to be an independent central bank, meaning it operates independently of direct political control, although it is subject to oversight by Congress.

Which Statement Is Correct