Kohn says Fed's independence 'at risk'
The unorthodox and often unprecedented measures taken by the Federal Reserve during and after the financial crisis have put the institution's independence at risk, writes former Federal Reserve vice-chairman Donald Kohn, in a paper published by the Brookings Institution.
In Federal Reserve Independence in the Aftermath of the Financial Crisis: Should We Be Worried?, Kohn also underscores the importance of keeping the central bank independent from elected politicians, arguing that, across time
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