A veteran central banker’s advice to Congress and the Fed on how best to preserve the Fed’s independence

Paul Tucker, drawing from his 33 years as a central banker, says that Congress should be much more specific about the objectives it wants the Federal Reserve to achieve and the Fed should try harder to explain what it’s doing. In a new book, Unelected Power: The Quest for Legitimacy in Central Banking and the … Continue reading A veteran central banker’s advice to Congress and the Fed on how best to preserve the Fed’s independence