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The Federal Reserve could start resembling the Supreme Court
Fed governors typically step down before their terms expire, but they may stay on until a president from their political party is in the White House.
Raccontata da
fortune.com
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Why does an independent Fed matter? Just look at Ronald Reagan's economy with Paul Volcker hiking rates to nearly 20%
Independent central banks can more easily take unpopular steps to fight inflation, such as raise interest rates, which makes borrowing more expensive.
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The Federal Reserve could start resembling the Supreme Court
Fed governors typically step down before their terms expire, but they may stay on until a president from their political party is in the White House.