Congress And Monetary Policy

There is a definite need for carnal knowledge in the get together States. It serves many roles such as making laws, utensiling subject atomic number 18a polity and watch over the other two branches of government. These are just a few of the duties of our U.S. recounting. In the Constitution it states, coition shall nominate world-beater to regulate occupation with foreign nations, among the several(prenominal) States, and with the Indian tribes. Has sexual intercourse interpreted this authority to far and does it have too much power over commerce. The relative of the United States is viewed by many as the largest branch in government. around people might yet say it is the most important. This is refer able-bodied to the roles Congress plays in our government. Congress is responsible for the lawmaking in our country as well as implementing national policy. The U.S. Congress moldiness withal implement national policy. The Congress must regulate c ommerce in target to create a prosperous scotch system. It is up to Congress to monitor the growth of the economy and be ready to act if necessary. Congress has the power to implement pecuniary policy in which they decrease taxes to induce outlay during a slow economic period. They can also attach taxes if there is a threat of inflation.

It takes time to get the policy release so Congress must be able to acknowledge future economic problems in order for it to be effective. It has been debated that Congress regulates the feederal hold back and its monetary policy. The federal official Reserve ashes is the nations central bank. It was established by an Act of Congress in 1913 and consists of the seven members of th! e Board of Governors in Washington, DC and twelve Federal Reserve District Banks. Congress structured the Fed to be independent within the government. What that means is although the Fed is accountable to Congress; it is insulated from day-to-day political pressures. This reflects the conviction held both the US and in many other countries that the people who control the countrys funds planning should be...If you want to get a full essay, order it on our website: OrderEssay.net

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