4 ms·

Fed independence is a really big deal. I'm glad to see that it still exists.

• bix6 18d ago
  It’s not actually independent.
  • chunky1994 18d ago
    In what sense? By and large it is independent of the whims of the administration because of its goals (specific inflation and unemployment targets) being more or less contraindicative to what administrations want to do (spend money)
  • rstuart4133 17d ago
    True. They are compelled to dance to two tunes. One of them is the bond market, and it is independent.