Download Full Text (1.0 MB)
Poster ID #286
The Federal Reserve has a duel mandate to fight inflation while keeping unemployment low. The Fed is designed to be largely independent from political influence. Just how independent the Fed actually is remains an open question. According to Political Business Cycle Theory, presidents who want to maximize their chances for re-election will attempt to fight inflation early in their term, while allowing inflation to rise before the election with the goal of boosting the economy.
The Annual Mary Lou Fulton Mentored Research Conference showcases some of the best student research from the College of Family, Home, and Social Sciences. The mentored learning program encourages undergraduate students to participate in hands-on and practical research under the direction of a faculty member. Students create these posters as an aide in presenting the results of their research to the public, faculty, and their peers.
BYU ScholarsArchive Citation
Swenson, Brenton and Wilson, Sven, "Just How Independent is the Fed?" (2010). FHSS Mentored Research Conference. 69.
Family, Home, and Social Sciences
© 2010, Brenton Swenson, et al.;
Copyright Use Information