What is the mission that Congress has given to the Fed?
Powell Says Political Considerations Play No Role in Fed Policy
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Business, Social Studies
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University
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Hard
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The transcript discusses the Federal Reserve's focus on its mission as directed by Congress, emphasizing the importance of independence and the tools available to carry out its duties in a nonpolitical manner. The Fed is committed to its mission and determined to do what it believes is right.
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What tools does the Fed have to carry out its mission?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
Why is independence considered essential for the Fed?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
How does the Fed ensure it operates in a nonpolitical way?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What commitment does the Fed have towards its mission?
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