Record Stock Valuations, Fed Independence, And Macro Volatility
Source: SeekingAlpha
2026-01-31 01:30:00 ET
The point of independence is not to protect policymakers. It just is that every advanced democracy in the world has come around to this common practice. It’s an institutional arrangement that has served the people well – and that is to not have direct elected-official control over the setting of monetary policy. And the reason is that monetary policy can be used through an election cycle to affect the economy in a way that will be politically worthwhile. – Jerome Powell, January 2026
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Record Stock Valuations, Fed Independence, And Macro Volatility
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