A new BWC Backgrounder explores Central Bank Independence, specifically Federal Reserve Independence and why it matters. Written by BWC Chair William C. Dudley, the Backgrounder demonstrates how higher degrees of independence for a central bank translate to better monetary policy in a country.  

Central Bank Independence by William C. Dudley, Chair, Bretton Woods Committee; Former President, Federal Reserve Bank of New York 

You can hear more from Bill Dudley on Central Bank Independence on a new episode of our podcast Macro Matters.