Greene: Is the age of central bank independence under threat? | Crypto Craft

  • Greene: Is the age of central bank independence under threat?

    From chathamhouse.org

    Over the past four decades, orthodox monetary policy has been defined by the pursuit of low and stable inflation, anchored by central bank independence and the use of interest rates as the primary lever. That framework is now being tested. The global financial crisis, a sustained period of quantitative easing, the return of inflation in the 2020s, and the pressures of climate risk, geopolitical shocks and fiscal activism are raising fundamental questions: has the orthodox consensus reached its limits? The Trump administration’s efforts to undermine the Federal Reserve, including efforts to dismiss leading ...
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mcsilver
Nov 13, 2025 6:09pm
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"Independence"? Really? The Federal Reserve Banks give back to the U.S. Treasury about 90-95% percent of all interest earning on the dollar. How is that independence? Go read the annual Report from the Governors of the Federal Reserve. Don't bother with the pages of long-winded evaluations & nonsense, just go straight to the statistics pages that shows where the profits have gone since 1913.
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oxbuck
Nov 14, 2025 8:17am
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Quoting mcsilver
"Independence"? Really? The Federal Reserve Banks give back to the U.S. Treasury about 90-95% percent of all interest earning on the dollar. How is that independence? Go read the annual Report from the Governors of the Federal Reserve. Don't bother with the pages of long-winded evaluations & nonsense, just go straight to the statistics pages that shows where the profits have gone since 1913.
Not only that. Back in the day when banks gave you copies of your checks back with the endorsement on the back, while I was investigating the Reagan Grace Commission Report, I looked at an income tax check I had written and was surprised to see that my check was endorsed, "Pay to the order of the New York Federal Reserve Bank." Federal Income Tax didn't go to the IRS but to the FED.
oxbuck
Nov 13, 2025 7:52am
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Chatham is a British think tank based in London, England.
Learn about the British Empire here: https://www.youtube.com/@PrometheanAction
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