March 27, 2017

One More Question with Robert Kaplan

We asked Robert S. Kaplan, president and CEO of the Federal Reserve Bank of Dallas, why it's important for central banks around the world to maintain their independence. See what he said.

 

 

 


"I think it's very critical for the Central Bank of the United States to be independent. What do I mean by independent? I mean being able to make decisions that are independent of political considerations or political influence. A lot of the things that the Federal Reserve or central bank of a country has to do can be, controversial may not be popular, sometimes they have to be done in a very expedited way, and I think history's shown us one of the great strengths of this country is the ability of a central bank and central bankers to make judgments in difficult situations that they think are in the best interest of the country without regard to partisan political or other considerations, other than, again what is best for the country."

About

The Chicago Council on Global Affairs is an independent, nonpartisan organization that provides insight – and influences the public discourse – on critical global issues. We convene leading global voices and conduct independent research to bring clarity and offer solutions to challenges and opportunities across the globe. The Council is committed to engaging the public and raising global awareness of issues that transcend borders and transform how people, business, and governments engage the world.

The Chicago Council on Global Affairs is an independent, nonpartisan organization. All statements of fact and expressions of opinion in blog posts are the sole responsibility of the individual author(s) and do not necessarily reflect the views of the Council.

Archive



Wait Just a Minute: Arye Carmon on Israel’s Elections

Arye Carmon, founding president of the Israel Democracy Institute and author of "Building Democracy on Sand: Israel without a Constitution," takes a minute to explain why Israel is holding elections for the third time in a year and predict whether the fourth round of elections is possible.


| By Xuefei Ren

‘The People’s War’ on Coronavirus in China

It is too early to conclude that the epidemic will shake the Communist Party’s grip. Once the “people’s war” has defeated the epidemic, the authoritarian regime may turn out to have become even more powerful. But this crisis has made a few things clear. It illustrates how cities are increasingly important actors in addressing pressing global challenges. It also exemplifies how central-local government relations can shape a country’s response to major epidemic outbreaks.