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Volume 20  Number 1  •  Summer 2015
All Issues:  

An Episodic History of Modern Fed Independence
By Peter J. Boettke
This article appeared in the Summer 2015 issue of The Independent Review

Despite many steps taken to ensure its independence, the Federal Reserve still succumbs to political pressures. This pessimistic conclusion is consistent with both empirical studies and an anecdotal analysis of the tenure of each modern Fed chairperson from William Martin to Ben Bernanke.

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