Business, 20.09.2020 14:01 lanamiami

One of the ways the Federal Reserve carries out its responsibilities for conducting monetary policy is by trying to affect the level of key interest rates. In early 2016, Federal Reserve Chair Janet Yellen met with President Barack Obama in the White House. According to an article in the Wall Street Journal, a spokesman for the president stated that he 'would not anticipate' that Ms. Yellen would go into detail on the path of interest rates at the meeting . . . Source: David Harrison, Barack Obama, Janet Yellen Discuss Economy, Regulation at White House, Wall Street Journal, April 11, 2016. Which best describes why the president and Ms. Yellen did not discuss interest rates? A. They did not have enough time. B. It is important for the Fed to maintain its independence. C. The Federal Reserve is not a government organization. D. The president does not set interest rates.

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One of the ways the Federal Reserve carries out its responsibilities for conducting monetary policy...

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