Federal Reserve independent of political pressures
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While thinking about what you learned in Chapter 32 in your textbook, read the history of the FED and its response to the recent economic crisis.
While thinking about what you learned in Chapter 32 in your textbook, view the video The History of European Monetary Union (1:02:30) and its response to the recent economic crisis.
Write a new thread in which you respond to the following prompts using the information from the textbook and both videos above:
1. To what extent is the Federal Reserve independent of political pressures?
2. Is this independence appropriate? Should there be more or less of this independence?
3. Discuss at least 2 similarities between the European Monetary Union and the U.S. Federal Reserve.
4. Discuss at least 2 differences between the European Monetary Union and the U.S. Federal Reserve.
5. Do you think this European Monetary Union will weather the current economic crisis? Why or Why not?
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