Independence and accountability: Congress and the Fed in a polarized era (Sarah A. Binder, Mark Spindel, Brookings)

Leaders of the Federal Reserve System, tasked with making tough monetary policy decisions based on objective, empirical analysis, seek to remain politically independent. And yet, the Federal Reserve is inherently a political institution whose power derives from—and depends upon—the support of elected officials who represent the public.

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Sarah A. Binder. Senior Fellow, Governance Studies

Mark Spindel. Founder, managing member, chief executive officer and chief investment officer, Potomac River Capital, LLC