Central bank independence in practice
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Central bank independence in practice

The Peterson Institute for International Economics holds a high-level conference to analyze the serious issues concerning central bank independence in practice. Featuring an opening discussion with John H. Cochrane (Hoover Institution) and Lawrence H. Summers (Harvard University), and leading voices from academia, policy, and finance, the conference addresses: • Does the evidence for the benefits of central bank independence hold up on net and through recent data? • What is and should be the constitutional and legal extent of the independence of Federal Reserve? • Does the current system of accountability—including the role of Federal Reserve Banks—serve present needs? • How narrowly should monetary independence be defined, and how much should financial supervision be separated? • How have senior policymakers found the exercise of operational independence and determination of mission to work in practice? The goal is to inform Congress, the Federal Courts, market participants, and the public with the latest evidence-based assessments of why the independence of the Federal Reserve should be secured and how far it should extend in practical terms. Distinguished speakers include: • Richard H. Clarida (PIMCO, Columbia University) • Charles L. Evans (Former Federal Reserve Bank of Chicago) • Roger W. Ferguson, Jr. (PIIE Board of Directors, TIAA) • Randall S. Kroszner (University of Chicago Booth School of Business) • Lev Menand (Columbia Law School) • Daniel K. Tarullo (Harvard Law School) • Paul Tucker (Harvard Kennedy School) • Carolyn A. Wilkins (Princeton University) Please join us for this highly timely, good faith, non-partisan discussion of this critical issue for the future of the US economy. For more information, visit: https://www.piie.com/events/2025/central-bank-independence-practice Subscribe to receive notices of upcoming PIIE events: https://www.piie.com/subscribe Follow the Peterson Institute for International Economics on social media! Twitter: https://twitter.com/piie LinkedIn: https://www.linkedin.com/company/piie Bluesky: https://bsky.app/profile/piie.com