Kathryn Judge on the Importance of Emergency Lending Facilities at the Federal Reserve
Macro Musings with David Beckworth
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The Federal Reserve's Independence in Question
This chapter examines the intricate relationship between the Federal Reserve's independence and its regulatory role amidst growing executive oversight. It highlights the challenges faced by the Fed, including its function as a lender of last resort and the implications of potential Supreme Court rulings on the dismissal of Fed officials. The discussion underscores the importance of maintaining trust in the Fed's decisions and anticipates future debates on the impact of executive power on monetary policy.
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