Darian Woods

Carolina Garriga is a political science professor at the University of Essex in the UK. Carolina and her co-author's research finds that countries with more independent central banks have lower levels of inflation. But like all good social scientists, she's quick to note that correlation doesn't always equal causation.

Carolina Garriga is a political science professor at the University of Essex in the UK. Carolina and her co-author's research finds that countries with more independent central banks have lower levels of inflation. But like all good social scientists, she's quick to note that correlation doesn't always equal causation.

Carolina Garriga is a political science professor at the University of Essex in the UK. Carolina and her co-author's research finds that countries with more independent central banks have lower levels of inflation. But like all good social scientists, she's quick to note that correlation doesn't always equal causation.

A very strong correlation that is definitely pointing in a direction and winking.

A very strong correlation that is definitely pointing in a direction and winking.

A very strong correlation that is definitely pointing in a direction and winking.

Carol Abinder at UT Austin says, in the US, the consensus grew that central bank independence was a good thing. And this led to a norm. Presidents were letting the central banks do their thing. Until the 2016 election, when Trump started publicly and loudly criticizing the Federal Reserve. that continued into his presidency.

Carol Abinder at UT Austin says, in the US, the consensus grew that central bank independence was a good thing. And this led to a norm. Presidents were letting the central banks do their thing. Until the 2016 election, when Trump started publicly and loudly criticizing the Federal Reserve. that continued into his presidency.

Carol Abinder at UT Austin says, in the US, the consensus grew that central bank independence was a good thing. And this led to a norm. Presidents were letting the central banks do their thing. Until the 2016 election, when Trump started publicly and loudly criticizing the Federal Reserve. that continued into his presidency.

He appointed Fed Chair Jerome Powell, but started making these public swipes against him from 2018. This was a major shift in the president's relationship with the Fed.

He appointed Fed Chair Jerome Powell, but started making these public swipes against him from 2018. This was a major shift in the president's relationship with the Fed.

He appointed Fed Chair Jerome Powell, but started making these public swipes against him from 2018. This was a major shift in the president's relationship with the Fed.

Kerala says these comments are revealing.

Kerala says these comments are revealing.

Kerala says these comments are revealing.

Kerala does think there is a grain of truth there in the frustrations that might lead someone wanting a politician to strung on the economists. Think about what we've been through, the high inflation, the pandemic, and then the global financial crisis before that.

Kerala does think there is a grain of truth there in the frustrations that might lead someone wanting a politician to strung on the economists. Think about what we've been through, the high inflation, the pandemic, and then the global financial crisis before that.

Kerala does think there is a grain of truth there in the frustrations that might lead someone wanting a politician to strung on the economists. Think about what we've been through, the high inflation, the pandemic, and then the global financial crisis before that.

The Fed was scrambling to help, of course, and that meant expanding its role and taking on unconventional new action, like buying up tons of mortgage securities and bonds.

The Fed was scrambling to help, of course, and that meant expanding its role and taking on unconventional new action, like buying up tons of mortgage securities and bonds.