Making the Fed more accountable could fend off Trump’s threats. Here’s how

The difficult question is how far each form of accountability can go without compromising the independence the Fed needs to make monetary policy.

[Photo: Christianthiel.net/Adobe Stock]

The Federal Reserve—one of the world’s most powerful institutions—affects the U.S. economy in a way that no other part of government can.

Interest rates, inflation, and bank regulation are all shaped by Fed policy and impact the everyday........

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