How Much Does the Fed's Success Depend on Who's at the Helm

July 23rd, 2014
in econ_news

from the Richmond Fed

Although the Fed sets monetary policy by committee, the views of the chair have often carried outsized weight in decision-making. Throughout the Fed’s history, central bank leaders have provided intellectual guidance during crises, defended policy independence, and served as points of communication for the public.

Follow up:


[click on image below to read the study]

Source: http://www.richmondfed.org/publications/research/econ_focus/2014/q1/pdf/federal_reserve.pdf















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