Event Details

Governance Salon: Sarah Binder and Mark Spindel

image for event

USC Sol Price School (Map)
Location given upon registration

The Myth of Independence: How Congress Governs the Federal Reserve

Seating limited; must register!

Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence traces the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.