by Richard Schulman The annual Cato Monetary Conference is arguably the most important regular event for discussing new ideas about central bank policy and monetary reform. Despite this status, this year’s conference received no media coverage. The editors of mainstream media, who determine what does and doesn’t get covered in the daily press, apparently give […]
Federal Reserve shouldn’t set interest rates
President Trump has been widely criticized for coming out in opposition to further Federal Reserve’s interest rate increases. This supposedly violates the Fed’s independence from political manipulation. The independence of the Fed from politics is something of a myth, however. Furthermore, the Fed cannot help but be responsive to the President’s warning at this juncture, […]
