Central bank independence and credibility matters. Here’s why
- Written by John Simon, Adjunct Fellow in Economics, Macquarie University
Olga Kashubin/ShutterstockIn the United States, President Donald Trump has been pressuring the chairman of the US Federal Reserve, Jerome Powell, to slash interest rates. This is partly to ease the interest payments on the ballooning US government debt.
Powell has so far resisted, but Trump has also threatened to replace him with someone who will...
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