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The Future of the Fed: Austan Goolsbee & Krishna Guha 4/21/25

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Navigating Fed Independence and Political Pressure

This chapter examines the intricate relationship between the Federal Reserve leadership and the U.S. presidency, emphasizing the importance of appointing a chair who can maintain the institution's credibility. It also discusses the implications of recent economic policies, such as increasing tariffs, and the resulting pressures on the Fed's independence in navigating inflation and growth.

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