The Myth of Independence: How Congress Governs the Federal Reserve
April 25, 2018
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1:06:31Now PlayingThe Myth of Independence: How Congress Governs the Federal Reserve
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as posted by the channelBorn out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. In The Myth of Independence, Sarah Binder and Mark Spindel trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, the authors explore the Fed’s past, present, and future and challenge the myth of its independence.
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