Respuesta :

untoldwonders

Answer:

Other than advancing legislation, members of Congress can bring transparency and accountability to the Federal Reserve by

  • Conducting audit in its activities by the Government Accountability Office  Appointees of the Federal Reserves can appear before the appropriate constituted Congressional Committees to provide testimonies of their conducts in office with respect to the issues under investigations.
  • The Federal Reserve is relatively autonomous by conducting its own internal affairs as provided by the constitution and other extant laws but is  answerable to Congress.
  • Post Government Spending Online. With the national debate over the federal budget and current levels of deficit spending, federal agencies need to post spending data in a standardized, downloadable format and machine readable formats.
  • The Congress should ensure that the annual report released by the Government Accountability Office  identifying federal programs, agencies, offices and initiatives with duplicative/overlapping goals should not receive funding henceforth from the Federal Reserve.
  • Create a 21st Century Congressional Office to give access to Americans to evaluate the various government spendings, their relevances and timing.
Martebi

An action, that can help Federal Reserve to move toward a more transparent monetary policy is through the adoption of explicit inflation targets.

How is the Federal Reserve held accountable?

The Fed is known to be an independent boy or agency that are said to be accountable to the public and Congress.

Other actions that they can do to  bring transparency and accountability includes:

  • Informing  the Congress more
  • The act of  releasing information beforehand.
  • Giving more information to the public.

Learn more about  Federal Reserve from

https://brainly.com/question/25817380

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