Central Bank Independence: Critical for Economic Growth and Stability?

In a time of persistent inflation, fiscal strain, and global uncertainty, the question of central bank independence has taken on renewed urgency. Widely accepted as a cornerstone of economic stability, independence is now being reexamined as some governments push for more direct influence over monetary policy. This webinar brings together two former top leaders of the Minneapolis Federal Reserve Bank: former President, Gary Stern, and former Director of Research, Art Rolnick, along with the Hoover Institution's John Cochrane to explore questions about appropriate governance of central banks in democracies–and the risks in governments exerting more political control to address today’s complex economic challenges. Panelists will discuss historical perspectives, current research, and the future of central bank independence in an era defined by both crisis management and political pressure. The conversation will be moderated by MPR's Chris Farrell.