Andy Levin on Holding the Fed Accountable
Macro Musings with David Beckworth
00:00
Assessing the Federal Reserve's Autonomy
This chapter examines the unique independence of the Federal Reserve compared to other central banks, noting a lack of oversight and transparency. It contrasts the Fed's minimal external accountability with processes at institutions like the European Central Bank and the Bank of England. The discussion highlights significant operational concerns, including balance sheet losses and staffing anomalies, calling for improved scrutiny and public communication.
Transcript
Play full episode
