ASSIGNMENT ON QUESTION & ANSWER

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"We can turn on C-SPAN and watch Congress debate important issues that will affect our lives. However, the FOMC meets in secret, making decisions that are arguably critical to our financial lives. Is the FOMC fundamentally undemocratic? Should its operations be changed

 


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We can turn on C-SPAN and watch Congress debate important issues that will affect our lives. However, the FOMC meets in secret, making decisions that are arguably critical to our financial lives. Is the FOMC fundamentally undemocratic? Should its operations be changed?

The central banks, as well as the Federal Reserve of United States are the two powerful institutions, which are significant in operation of the economy. The Congress has established different rules or regulations in terms of approval and support of successive occupants having constitutional obligations for bounding its parliamentary will power

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