Andrew Levin and Christina Parajon Skinner on *Central Bank Undersight: Assessing the Fed’s Accountability to Congress*
Macro Musings with David Beckworth
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Federal Reserve's Constitutional Authority and Congressional Oversight
Exploring the constitutional authority of the Federal Reserve and the necessity of intense congressional oversight to ensure it operates within the boundaries set by the US Constitution. Delving into historical context, the chapter emphasizes the importance of informing Congress about monetary policy decisions and the evolving framework of communication. Discussing the impact of declining dissent among board members on decision-making processes and the need for diverse viewpoints within the Federal Reserve for informed judgments.
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