Which of the Following Best Describes the Relationship Between the Fed

Multiple Choice

Which of the following best describes the relationship between the Fed and the presidential administration?

A) The Fed must receive the administration's approval before conducting monetary policy.
B) The Fed must implement a monetary policy specifically to support the administration's policy.
C) The administration must receive approval from the Fed before implementing fiscal policy.
D) The Fed must receive the administration's approval before conducting monetary policy AND the administration must receive approval from the Fed before implementing fiscal policy.
E) None of these are correct.