In an article with Chatham House, BWC Member David Lubin addressed recent threats to central bank independence and, more specifically, inflation targeting. He highlighted the tendency of the Trump administration to treat the Federal Reserve “as a department of government, rather than an agency that works alongside it.” Furthermore, he noted how the loss of the “Washington Consensus” lowers the appeal of inflation targeting efforts. 

To continue reading his comments, click here.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.