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2 September, 00:12

3. Economists have described the Fed as a "decentralized central bank? What do they mean?

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  1. 2 September, 00:19
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    The Fed is called a "decentralized" central bank, which in itself seems to be a contradiction. It works, however, because the Fed is uniquely structured to eliminate government control but still remains accountable to both the government and the public.
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