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An Episodic History of Modern Fed Independence
Originally published in The Independent Review
Despite many steps taken to ensure its independence, the Federal Reserve still succumbs to political pressures.
Despite many steps taken to ensure its independence, the Federal Reserve still succumbs to political pressures. This pessimistic conclusion is consistent with both empirical studies and an anecdotal analysis of the tenure of each modern Fed chairperson from William Martin to Ben Bernanke.
Read more at Independent.org.
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