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What are the best goals for the fed why how does the

Consider the role of the Fed in the economy and respond to the following:

What are the best goals for the Fed? Why?
How does the structure of the Fed insulate monetary policy decision makers from political pressure?
How does the fractional reserve system limit a bank's ability to create money?
What is the difference between the federal funds rate and the discount rate? Be sure to explain differences in how these two rates are determined.

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