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by Miles Kimball, Confessions of a Supply-Side LiberalEver since the 2008 Financial Crisis, the Fed has been controversial. I think three things took away from the respect they had commanded: not having avoided the Financial Crisis, being involved in bailing out banks, and not getting a quicker recovery afterwards. Not predicting the Financial Crisis was a failure that was widely shared; bailing out the banks was necessary given that first failure; the last hit to Fed prestige was in an important sense justified; see “America s Big Monetary Policy Mistake: How Negative Interest Rates Could Have Stopped the Great Recession in Its Tracks.

United statesJerome powellJanet yellenDonald trumpBarack obamaElizabeth warrenWilliams spriggsLisa cookJoseph bidenLael brainardRichard claridaSarah bloom raskinRandal quarlesNick timiraosBen bernankeTreasury department