U.S. Monetary Policy

U.S. Monetary Policy Economic policy dictates the lives of many people. Economic regulation affects everyone, if the economy falters then people lose money, inflation runs rampant, and unemployment rates rise. Controlling U.S. monetary policy, or at least having some influence, ranks high on the agenda of many political actors from the president and Congress, to the private sector like the credit industry. At the heart of U.S. monetary policy is the Federal …

…through credit cards. Interest rates play the main role in how the banks profit. Economic policy affects many people, and many people battle to control it. Actors in both the private and public sector have much to gain from influence economic policy. What is interesting is why so many actors attempt to control the actions of an independent agency. Maybe it is not so independent and politically insulated as the public is lead to believe.