Lev Menand predicts the Federal Reserve's independence will not survive long-term and may become the only independent agency deemed constitutionally permissible.
“The Fed is not safe. This is not, a good situation that the Fed has found itself in. The the Fed is an endangered species now. It might be the only independent agency that's constitutionally permissible.”
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Our resolution criterion
disputableObservable changes to Federal Reserve independence through Supreme Court decisions, Congressional action, or executive removal of Fed officials without cause protections being upheld.
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Summaries are ours; the quote is a verbatim transcript excerpt. Our resolution criteria are editorial and disputable. How this works.