Question 7 Points 2 What hampers the Fed s ability to quickly react in setting its monetary policy Gathering data about the

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Question 7 Points 2 What hampers the Fed s ability to quickly react in setting its monetary policy Gathering data about the entire current money supply is difficult The Fed officers often must bend to political pressures or they risk being fired Decisions enacted by the Fed often take years before they take effect District banks are actually in competition with each other so they do not communicate openly

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