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Today, 01:16

The reason for the Fed being set up as an independent agency of government is to:

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  1. Today, 01:46
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    One of the main reasons that the Federal Reserve (or known as "Fed" in short) was set up to be an independent agency by the government is that to protect it from political pressure. In addition, the federal reserve is the central bank of the United States wherein its main goals is to provide monetary stability across the country.
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