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Central banks face threats to their independence − and that isn’t good news for sound economic stewardship (or battling inflation)

  • Written by Cristina Bodea, Professor of Political Science, Michigan State University
Central banks face threats to their independence − and that isn’t good news for sound economic stewardship (or battling inflation)Donald Trump appointed Jerome Powell as chair of the Federal Reserve. If returned to the White House, he may seek to replace him.AP Photo/Alex Brandon

Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of...

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