The Federal Reserve is Losing Power

The Spotlight

1 minute read

Sep 14, 2020

Fed chair Jerome Powell giving a speech about declining interest rates and the Fed having less scope to cut interest rates to boost employment during an economic recession.

The Fed fears losing power as low interest rates will diminish its capacity to stabilize the economy. But is reducing the influence of a central planner necessarily a bad thing?

EconomyPolitics
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