Scholars explore central bank independence, structure and future risk at Hoover monetary policy conference
Scholars explore central bank independence, structure and future risk at Hoover monetary policy conference
- June 1, 2026
- Work by Gary Richardson, economics, featured by the Hoover Institution
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Gary Richardson (UC Irvine) placed central bank independence in US constitutional history. An independent central bank is an old political idea …. On the recent presidential challenge against Jerome Powell, he opined that the system is working as designed. The board did its job in resisting pressure, while the Senate and the Supreme Court did their jobs by doing relatively little. Little was enough, because if the Senate and the court do not act, the president cannot exercise control over the Federal Reserve.
For the full story, please visit Hoover Institution.
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