Economists petition lawmakers for Fed independence

congress

A group of prominent American economists have petitioned Congress and the Executive Branch to reaffirm their support for the Federal Reserve's monetary independence.

In their Petition on Fed Independence, the economists warned a lack of central-bank independence posed three risks to the economy.

The economists said independence was "essential" for curbing inflation and that lender of last resort decisions should not be politicised. Calls to alter the structure or personnel selection of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.