But let's say it does happen, what would be the consequences?
Inflation expectations would de-anchor immediately, even if actual inflation stayed the same. The government would certainly pursue expansionary policies and that would increase inflation.
The US Congress would never allow this to happen because there's even no way back. There would be always the spectre of this happening again and the damage would be everlasting.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( What would happen if the Federal Reserve lost its independence? )
Also on site :