Episode 34
Political Pressure and Monetary Policy
Cato Podcast · Cato Institute
October 28, 202532m 26s
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Show Notes
Both Republicans and Democrats pressure the Fed toward different agendas, revealing deeper institutional problems. Norbert Michel and Jai Kedia argue that broad discretion and an inflated view of the Fed's influence enable mission creep and capture regardless of who holds power. The solution? Congressional legislation establishing clear rules.
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