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Advanced Placement (AP), 05.04.2021 20:50 colin774

In the context of this section of the Republican Party platform, explain how the action to increase transparency and accountability described in part A would affect the Federal Reserve's ability to make economic policy

“Because the Federal Reserve’s monetary policy decisions affect job creation, upward mobility for workers, and equitable prosperity, they should be transparent. Similarly, the Federal Reserve’s important role as a lender of last resort should also be carried out in a more transparent manner. The Republican Party will advance legislation that brings transparency and accountability to the Federal Reserve, the Federal Open Market Committee, and the Federal Reserve’s dealing with foreign banks

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