Preserving the Federal Reserve’s independence is crucial to preventing political pressures that might undermine long-term economic stability and prosperity
Great post, Jadrian. Keeping the Fed independent from as much political pressure as possible is necessary. Every macroeconomist should do whatever they can to keep politicians out of office that believe they deserve a say in rate changes.
"But history teaches us that when central banks fall under political control, the consequences can be dire—think economic instability, runaway inflation, or even financial collapse."
BONE CHILLING. Glad "The Fed" exists. Thank you for writing your article.
Fed independence, accepting defeat when you lose an election. It’s the little norms that make one appreciate having a party that did not nominate Trump to vote for.
THANK YOU-- this is so necessary to tell people over and over and over again. I stress this with my students each semester and I intend to have them read this. It is well written and succinct so it will be super useful in the classroom.
Great post, Jadrian. Keeping the Fed independent from as much political pressure as possible is necessary. Every macroeconomist should do whatever they can to keep politicians out of office that believe they deserve a say in rate changes.
"But history teaches us that when central banks fall under political control, the consequences can be dire—think economic instability, runaway inflation, or even financial collapse."
BONE CHILLING. Glad "The Fed" exists. Thank you for writing your article.
Fed independence, accepting defeat when you lose an election. It’s the little norms that make one appreciate having a party that did not nominate Trump to vote for.
THANK YOU-- this is so necessary to tell people over and over and over again. I stress this with my students each semester and I intend to have them read this. It is well written and succinct so it will be super useful in the classroom.