Economy • Most Recent
Fed Under Attack: Independence of Central Banks in Danger
By Kanghyun Seo
The Federal Reserve is undoubtedly one of the most influential financial institutions of this time—the central bank for the country with the largest economy in the world: the United States. The direction and pursuit of the policies made by the Federal Reserve impact the lives of 350 million Americans, and likely those of 8 billion people living in other parts of the world. That is why central banks, especially those like the Fed, are designed to project a linear policy and enforce a stable regulatory environment over shifting political landscapes. Now, this function is being threatened under the Trump administration.
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