LIVE WEBCAST - The Fed in the 21st century: Independence, governance, and accountability
March 2, 2015
The Federal Reserve is an unusual institution of the American democracy: Congress has given the Fed the power to set interest rates and manage credit because it believes an independent central bank will do a better job at that than elected politicians. But in the wake of the financial crisis, the Fed’s independence, governance and accountability have come under intense scrutiny. The Hutchins Center on Fiscal and Monetary Policy at Brookings examines these issues today.