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

Sagot :

The correct answer to this open question is the following.

Unfortunately, you did not include the context of the Republican Party platform. You also forgot to include the description of part "A." We do not know its content, just you.

However, trying to be of some help, we can comment based on our knowledge of this topic.

The Republican Party has considered that the Federal Reserve needs to be really transparent so US citizens can trust the role it plays in the United Statesecoconomy. They say that the greater transparency in the Federal Reserve will help workers and create more equitable prosperity for average US citizens.

The proposal to increase transparency and accountability would affect the Federal Reserve's ability to make economic policy in that this transparency would have to open the ways and processes the Fed uses to control the economy of the United States.

The Republican Party thinks that the Fed operates in so much secrecy although its decisions directly affect the creation of jobs, the mobility of workers, and equitable prosperity. Members of the Republican Party also think that the Fed's role as a lender should be more transparent.

The Federal Reserve Act of 1913 in the times of President Woodrow Wilson established the Federal Reserve system to avoid consumer panics.

The Federal Reserve plays a key role in helping control inflation because it keeps the money supply stable in order to maintain low inflation.

The Fed is the central bank in the United States. Its role in the US economy is very important to maintain a healthy financial and monetary system. However, in recent years, that lack of transparency has created many questions in different sectors of US politics.