LibraryScenariosHow to maintain central bank independence under political pressure
Scenario

How to maintain central bank independence under political pressure

The Treasury Secretary calls me every week pressuring me to keep rates low for political reasons, and I know saying no might cost me my job but saying yes betrays everything I swore to uphold about central bank independence.

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More people experience this than they realize.

What we've seen

The collision between institutional principles and personal survival creates an acute crisis of professional integrity.

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Worth thinking about

“Where Are You with Central banks and monetary policy?”

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