In his Opinion piece for Market Watch, Sven Henrich goes in search of the answer to several questions, beginning with, “What stable financial system requires over $100 billion in overnight liquidity injections? The Fed did not see the need for these actions...
As Raghuram Rajan observes, the role of monetary policymakers and the Central Banks, historically one of independence, is today challenged by political pressures of populist politicians …those who have to run for office and thus, have a more forward public face...
