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What are the long-term implications of rising mortgage rates on market dynamics?  on March 14, 2024


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Reform the Federal Reserve's Governance to Deliver Better Monetary Outcomes

Reform the Federal Reserve's Governance to Deliver Better Monetary Outcomes

Central bank independence is widely regarded as an essential element of effective economic stewardship. Yet pure independence is incompatible with a democratic system. Therefore, any particular example of central bank independence within a democratic system necessarily features a series of judgments about the central bank’s institutional design. The overall goal of this design is delivering the economic benefits of a central bank that is insulated from the day-to-day political process while maintaining a level of accountability that a democratic society must demand.

manhattan.institute     Mar 14, 2024