What Step Does the Board of Governors of the Fed

question 39

Essay

What step does the Board of governors of the Fed take to ensure that the Fed does not built itself into an inefficient bureaucracy?

---

Definitions:

Traditional Institutions

Established societal structures and organizations that uphold conventional practices and norms.

1920s

A decade characterized by economic prosperity and cultural flourishing in the United States, often referred to as the "Roaring Twenties."

AFL

The American Federation of Labor, a national federation of labor unions in the United States.

Knights of Labor

The Knights of Labor was a significant labor organization in the United States during the late 19th century, advocating for the rights of workers and seeking to improve their conditions.