eco

While thinking about what you learned in Chapter 32 in your textbook, read the history of the FED and its response to the recent economic crisis .

While thinking about what you learned in Chapter 32 in your textbook, view the video The History of European Monetary Union (1:02:30) and its response to the recent economic crisis .

Write a new thread in which you respond to the following prompts using the information from the textbook and both videos above:

1. To what extent is the Federal Reserve independent of political pressures?

2. Is this independence appropriate? Should there be more or less of this independence?

3. Discuss at least 2 similarities between the European Monetary Union and the U.S. Federal Reserve.

4. Discuss at least 2 differences between the European Monetary Union and the U.S. Federal Reserve.

5. Do you think this European Monetary Union will weather the current economic crisis? Why or Why not?