What The Past Teaches Us About Fed Independence

“Mr. Nixon tried to interfere with the Federal Reserve both in ways that were fair and in ways that by almost any standard, were unfair.” — Arthur Burns 

Chart of the Day Good morning! I (and plenty of others, from Jamie Dimon to Christine Lagarde), am concerned about long-term global economic stability with the attack on Federal Reserve independence. Naturally, I looked to history to find some solace, and it backfired.  The good news, though, is that we now kno...

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