The US Federal Reserve appointed a new chair earlier this year. Kevin Warsh replaced Jerome Powell, who had been under constant fire from the Trump administration. For many, Warsh’s appointment represented a turn towards the overt politicization of monetary policy.
Is the age of central bank independence coming to an end? And is it something that the Left should mourn or celebrate?
Martijn Konings, professor of political economy at the University of Sydney and author of The Bailout State: Why Governments Rescue Banks, Not People, joins Long Reads to discuss the state of central banking.
Long Reads is a Jacobin podcast looking in-depth at political topics and thinkers, both contemporary and historical, with the magazine’s writers. Hosted by features editor Daniel Finn. Produced by Conor Gillies with music by Knxwledge.