A recent academic paper has raised questions about the independence of the Federal Reserve and has shed light on its political ties. The paper, which was published in a reputable journal, delves into the relationship between the central bank and various political entities. It highlights instances where the Federal Reserve may have been influenced by political pressures, raising concerns about its ability to make impartial decisions. This revelation has sparked discussions among economists and policymakers about the need for greater transparency and accountability within the Federal Reserve.