Leah Downey

Leah Rose Downey, a Junior Research Fellow at St. John's College Cambridge and author of 'Our Money,' discusses the tension between central bank independence and democratic accountability. She questions whether it's healthy for democracy to give so much power to unelected officials and explores the historical evolution of central bank independence. Downey argues for greater legislative oversight and highlights the need for transparency in monetary policy, asserting that uncertainty can sometimes enhance economic resilience.

Leah Downey, a political and economic theorist, delves into the intricate role of central banks, particularly the Federal Reserve, in shaping globalisation. She discusses how the Fed navigates its obligations to American democracy against global economic responsibilities. The conversation explores the impact of the euro dollar, the historical tension between central bankers and political officials, and the implications of the Volcker shock. Downey also examines the evolving relationship between monetary policy and national politics, hinting at insights into Trump's influence on these dynamics.

Leah Downey, a research fellow at Cambridge University, explores the critical intersection of monetary policy and democratic theory. She argues for a more democratic approach to money creation, critiquing the traditional independence of central banks. Downey discusses the historical evolution of the Federal Reserve and advocates for increased citizen involvement in monetary policy. By introducing 'iterative governance,' she emphasizes the importance of legislative oversight to ensure that economic policies reflect the will of the people, fostering true democratic accountability.

Leah Downey, a political economist from King’s College London and author of "Our Money: Monetary Policy as if Democracy Matters," returns to explore the implications of recent Federal Reserve developments. She discusses how Trump targeted Fed leadership and what that means for presidential power. Leah weighs in on the debates surrounding quantitative easing and inequality. The conversation also delves into whether legislative reform is plausible, emphasizing the need for public discourse on monetary policy.

Join economist and hedge fund manager Eric Lonergan and Cambridge fellow Leah Downey as they discuss the tumultuous role of anger in shaping political landscapes and economic outcomes. They dissect how emotional discontent drives voter behavior and complicates traditional economic theories. The conversation extends to the impact of political maneuvers on monetary policy and the unpredictable nature of market reactions. They also critique German economic policies amidst changing bond markets, unveiling intriguing insights into innovation amid crisis.