by The Economist reported about the history of central banks and their independence. One snippet: Typically, Richard Nixon took the bullying furthest, leaking a false story that Arthur Burns, Martin’s successor, was demanding a 50% pay rise. Attacked by the press, Burns retreated from his desire to raise interest rates.
Topics:
Dirk Niepelt considers the following as important: Central Bank, Federal Reserve, Independence, Notes
This could be interesting, too:
Dirk Niepelt writes “Report by the Parliamentary Investigation Committee on the Conduct of the Authorities in the Context of the Emergency Takeover of Credit Suisse”
Marc Chandler writes US Dollar is Offered and China’s Politburo Promises more Monetary and Fiscal Support
Marc Chandler writes Busy Wednesday: French Confidence Vote, Fed’s Powell Speaks, ADP Jobs Estimate, and Beige Book
Marc Chandler writes US-China Exchange Export Restrictions, Yuan is Sold to New Lows for the Year, while the Greenback Extends Waller’s Inspired Losses
The Economist reported about the history of central banks and their independence. One snippet:
Typically, Richard Nixon took the bullying furthest, leaking a false story that Arthur Burns, Martin’s successor, was demanding a 50% pay rise. Attacked by the press, Burns retreated from his desire to raise interest rates.