@marcus-jay

GN JF: So far, it looks like the Federal Reserve’s independence and integrity may be strengthened by this experience. I have been heartened by the widespread support it has received from across the political spectrum and from everyone ranging from former economic officials to business leaders. There is a good reason there is a broad agreement on the independence of the Federal Reserve, which is that it works pretty well. Not that the Fed is omniscient or omnipotent, but that it is better than the alternatives in part because it is good about learning and correcting its own mistakes. To me, it seems like the Congress, the business community, and the courts all have the Fed’s back—and the Fed is showing through its integrity that it deserves that trust.

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