Gå offline med appen Player FM !
When a president swayed the decisions of the Federal Reserve
Manage episode 438507930 series 2545351
Federal Reserve independence has come into the spotlight recently, with former President Donald Trump indicating he thinks the president should have some influence in the Fed’s actions. Today, we wind the clock back to when exactly that happened: In 1971, President Richard Nixon devised a scheme to sway then-Federal Reserve Chair Arthur Burns — and the direction of the U.S. economy — in the run-up to reelection. But first: Hiring was weaker than expected in August.
116 episoder
Manage episode 438507930 series 2545351
Federal Reserve independence has come into the spotlight recently, with former President Donald Trump indicating he thinks the president should have some influence in the Fed’s actions. Today, we wind the clock back to when exactly that happened: In 1971, President Richard Nixon devised a scheme to sway then-Federal Reserve Chair Arthur Burns — and the direction of the U.S. economy — in the run-up to reelection. But first: Hiring was weaker than expected in August.
116 episoder
All episodes
×Välkommen till Player FM
Player FM scannar webben för högkvalitativa podcasts för dig att njuta av nu direkt. Den är den bästa podcast-appen och den fungerar med Android, Iphone och webben. Bli medlem för att synka prenumerationer mellan enheter.