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




| By J. Thomas Chapin

J. Thomas Chapin: Batteries as the Base of the City

"It seems as if batteries, more specifically lithium-ion rechargeable batteries, are everywhere," J. Thomas Chapin, vice president of research at UL, explained at the 2019 Pritzker Forum on Global Cities in Chicago



Wait Just a Minute: Jess Fanzo

Jess Fanzo, professor of food policy and ethics and editor-in-chief of Global Food Security Journal, takes a minute to answer questions on why obesity is rising across the globe and what can be done about it.


| By Ian Klaus

Mind the Knowledge Gaps: What Global Conferences Bring to Light

Despite the vast amount of research and data available, it shouldn’t be surprising that large gaps in urban knowledge persist. After all, there are many cities—according to the IPCC and UN data, there are around 1000 urban agglomerations with populations of 500,000 or greater—and cities remain difficult to know.





Wait Just a Minute: Klaus Schwab

Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), takes a minute to answer questions about the fourth industrial revolution and what it means for globalization and equality. 




| By Amy Webb

Wait Just a Minute: Amy Webb

Futurist Amy Webb, founder of the Future Today Institute and NYU professor, takes a minute to answer questions about artificial intelligence and whether its advancement is in the long-term interest of humanity.


| By Brian Hanson, Penny Abeywardena, Henri-Paul Normandin

Deep Dish: City Diplomacy on the Rise

As cities grow in size and power, and as technology and globalization further lower the cost of connecting across distances, local governments are increasingly shaping their own diplomatic agendas independent from national governments.