The following is from the 2016 Republican Party Platform: “Because the Federal Reserve’s monetary policy decisions affect job creation, upward mobility for workers, and equitable prosperity, they should be transparent. Similarly, the Federal Reserve’s important role as a lender of last resort should also be carried out in a more transparent manner. The Republican Party will advance legislation that brings transparency and accountability to the Federal Reserve, the Federal Open Market Committee, and the Federal Reserve’s dealing with foreign banks.” After reading the scenario, respond to A, B, and C below.

A. Describe an action, other than advancing legislation, that members of Congress may take to bring
transparency and accountability to the Federal Reserve.
B. In the context of this section of the Republican Party platform, explain how the proposal to increase
transparency and accountability described in part A would affect the Federal Reserve’s ability to make
economic policy.
C. Explain how ideological differences between the parties might affect Democratic Party support of the proposal.