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CSPAN Public Affairs July 10, 2013

And challenges to the fed independence and its a topic that many of the audience members are working on. Where do you think the greatest threat to Central Bank Independence comes from . Is it from the innovative policies on the macro prudential side and the dealing of Financial Institutions or aggregate Financial Sector or innovative policies on what i call the Monetary Policy side dealing with the stimulustype role. That is a political question and im not sure i can do it justice. Let me just say a preliminary thing, i dont think the central bank should be equally independent in all of its functions. There are good reasons to have independence in Monetary Policy making subject to a manda ....

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