Central bank independence ‘a means to an end’ – Miran
Fed governor says autonomy increases chances of monetary policy being aligned with business cycle
Federal Reserve governor Stephen Miran has said central bank independence is “a means to an end, not the end in itself”.
During a discussion at Boston University on February 9, the event’s moderator asked Miran to explain why independence was “so important” when it came to achieving economic growth and low inflation.
“What you want is to have monetary policy that’s attuned to the business cycle” rather than the political cycle, he said.
“Central bank independence is going to increase the likelihood
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