Fed’s Evans states case for independence
Charles Evans, the president of the Chicago Federal Reserve, stood up for the central bank's independence on Wednesday.
Speaking in New York on Wednesday, Evans said history had showed weakening monetary authorities stoked inflation. The Fed president noted that bouts of hyperinflation in Germany, Poland and Austria, and of high inflation in Argentina, Portugal and Italy all involved varying degrees large structural fiscal imbalances combined with some lack of central bank independence.
"The key
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