You may have heard of a petition that is making the rounds of economists calling on Congress and the Executive Branch to do certain things to ensure the independence of the Fed. Here is a link to the WSJ Real Time Economics Blog that has the wording of the petition and the signatories so far. […]

As most of you know, I’m becoming a bit of a bore when it comes to the subject of Fed independence. So, fair warning, here’s another little post on the subject. My favorite congressman, Barney Frank, had some hearings today on the future of financial regulation. Afterwards, he offered his opinion that the Fed should […]