The Federal Reserve was criticized for not seeing and taking the correct steps to avoid the financial meltdown of 2008 and the “Great Recession” that followed. Some economists also criticized that the Federal Reserve has too much power, too little accountability, too little transparency and always acts too late to be effective in the role it’s supposed to play.
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https://www.youtube.com/watch?v=hxAMWm9VRgg&feature=emb_logo
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