Academic Paper Questions Federal Reserve Independence and Exposes Political Ties

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Academic Paper Questions Federal Reserve Independence and Exposes Political Ties

Thomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Independence.” Webster’s research scrutinizes the relationship between fiscal and monetary policies, arguing that the Federal Reserve operates more as a political tool than an independent entity. […]

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