THE GUARDIAN VIEW ON TRUMP AND THE FED: INDEPENDENCE IS NO SUBSTITUTE FOR ACCOUNTABILITY | EDITORIAL
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✍️ The article discusses the controversy surrounding Donald Trump's attempt to sack Federal Reserve governor Lisa Cook, and argues that central bank independence is not synonymous with democracy.
👉 Trump's attempt to sack Cook is an authoritarian move to bend institutions to his will 👉 Central bank independence is not synonymous with democracy 👉 A more democratic approach to central banking would involve treating the Fed as a public utility 👉 Broadening board representation beyond business and finance 👉 Aligning the Fed's balance sheet with public priorities
-- #LisaCook #EricLevitz #AdamTooze #MichaelRoberts #AlanGreenspan #SauleOmarova #DonaldTrump #politics
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