Comment on Wonkblog: The Fed and Treasury should work more closely together. Say what?

Wonkblog: The Fed and Treasury should work more closely together. Say what?

How independent should the Federal Reserve be? The general consensus in the wake of the Great Recession has been that the nation’s central bank should operate in a politically sterile environment, pulling whatever levers are necessary to ensure the economy gets back on track -- whether that means slashing interest rates to zero or pumping $4 trillion into the recovery.

 

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