Modern Lessons from the Fed-Treasury Accord. Drawing parallels between 1951 and today, John Cochrane examines the tension between presidential administrations and the Federal Reserve during crises. He emphasizes that the Fed must maintain its independence

Modern Lessons from the Fed-Treasury Accord. Drawing parallels between 1951 and today, John Cochrane examines the tension between presidential administrations and the Federal Reserve during crises. He emphasizes that the Fed must maintain its independence, warning against perpetually funding government spending and urging a strict focus on inflation control over politically motivated easy money. #4
1918 VERDUN