Kevin Warsh has come under scrutiny for his ties to finance, but that background may also bolster more independence once he’s confirmed as Federal Reserve chairman.
- Professor of Political Science, Michigan State University
Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.
The investigation follows Fed Chair Jerome Powell’s refusal to toe the White House’s line over interest rate cuts.
Political economist Cristina Bodea talks to The Conversation Weekly podcast about how central bank independence became the global norm for economic governance.
Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.
Monetary policy can be wielded as a tool to boost an economy around election time, which explains why politicians want to have a say on it.
Monetary policy can be wielded as a tool to boost an economy around election time, which explains why politicians want to have a say on it.
Almost two-thirds of low-income countries are at risk of debt distress – in part because of higher borrowing costs. And that isn’t the only problem.
Men were significantly less likely to express confidence in the Federal Reserve and optimism about the economy when monetary policy information came from a woman versus a man.
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