AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
Why The Federal Reserve's Power Is 'Limitless'
FiveThirtyEight Politics
The Fed
A lot of your book is about how the Fed actually accumulates the power that you now describe. How did this come to pass? Like, is this power that the Fed always theoretically had but never actually used? Is it power that was devolved from the federal government to the Fed over time? And also on top of that, I think one theory of the way that the Supreme Court functions today is that our legislative process has gotten so off kilter and so stuck in the mudthat increasingly politicians try to pursue their political aims.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode