The twilight of the central banking elite
The twilight of the central banking elite
- August 22, 2025
- Gary Richardson, economics, Financial Times, Aug. 22, 2025
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Gary Richardson, a professor of economic history at the University of California at Irvine, says the threat to Fed independence is now the gravest since the Great Depression era when Franklin Delano Roosevelt was president. But the structure of the modern Fed, including the regional Fed presidents, presents a potential check on the White House. “The institution is designed to resist this kind of pressure and it certainly could,” he says.
For the full story, please visit https://www.ft.com/content/3b5a3fde-6110-4e40-88b1-04f71ed5b0f1.
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