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Against Central Bank Independence

Summary by AIER

President Trump’s return to the White House has sparked a resurgence of interest in central bank independence. Federal Reserve Governor Michael Barr said he would step down from his Vice Chair position earlier this month, avoiding a direct conflict with the administration that could have triggered his demotion or firing — and a lengthy court battle on the legality of such an action. President Trump has intimated he wants to replace Fed Chairman …

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The New York Sun

+2 Reposted by 2 other sources

Against Central Bank Independence

Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.

24 days ago·New York, United States

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Svenska Dagbladet

Trump attacks the central bank

The Federal Reserve (Fed) decided on Wednesday that there would be no cut in the US interest rate. Two hours later, President Donald Trump unleashed a barrage of criticism against the central bank.

25 days ago·Stockholm, Sweden

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