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Why Independence Matters: The Difficult Balance Between Central Bank Autonomy and Accountability.

Publication: PR Newswire
Publication Date: 24-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO, Aug. 24 /PRNewswire/ -- "Last month, Mesirow Financial Chief Economist Diane Swonk and I joined more than 250 economists in signing an 'Open Letter to Congress and the Executive Branch,' urging the President and Congress to 'reaffirm their support for and defend the independence of the Federal Reserve System as a foundation of U.S. economic stability,'" says Adolfo Laurenti, deputy chief economist at Mesirow Financial, in his August issue of Themes on the Global Markets, available at http://www.mesirowfinancial.com/economics/laurenti/themes/globalmkts_0809.pdf

In his August newsletter, Laurenti shares some of the reasons why he found the "Open Letter to Congress and the Executive Branch" petition compelling, and...

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