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Eh in a way, I can see both sides of the coin. On one hand if Fed governors didn't have independence, the inflation rate would make Venezuela look like a bastio
by weakened_malloc 6mo ago
Eh in a way, I can see both sides of the coin. On one hand if Fed governors didn't have independence, the inflation rate would make Venezuela look like a bastion of economic management. On the other hand, you end up with situations like this where the EC can just keep trying to force in poor policy.
- qwytw 6mo agoThe Fed has a pretty strict and narrow mandate and an even narrower toolset. They can't start coming up and imposing random laws and regulations (outside the banking sector) just because they want to...
- junofan 6mo agoWorth noting they have a strong incentive to grow payroll, which currently stands at 25,000-ish.