Why political meddling with central banks is a terrible idea – and the Federal Reserve is no exception
- Written by Andreas Kern, Associate Teaching Professor, Georgetown University
Nixon convinced Fed Chair Arthur Burns, seated left, to lower interest rates, helping him win re-election in 1972.AP PhotoCentral bank independence is increasingly at risk around the world.
In the U.S., President Donald Trump said he may nominate two close political allies to the Federal Reserve, following months of criticism over the bank’s...
