The Clarida-Kaplan-Rosengren Affair: R.I.P. Central Bank Independence. [Must See]

by Tyler Durden: Article

"Albeit unintentionally, the good news is they may have done working families a favor by helping disprove the notion of central bank independence."

"The implication is clear: appoint people with a Wall Street background and they will bring Wall Street policy preferences; appoint well-to-do financial economists with large stock portfolios and they will bring a personal concern with the stock market and asset prices."