Alan Blinder

Wendy Edelberg, a senior fellow at the Brookings Institution, and Alan Blinder, economics professor at Princeton and former Fed vice chair, discuss a DOJ investigation into the Federal Reserve. They explore the implications of this unprecedented action on the Fed's independence and market credibility. Edelberg warns that politicization could lead to regulatory risks, while Blinder describes the alarm among Fed staff. They also delve into how these developments may alter Fed policy and affect small businesses amidst economic uncertainty.