The Power and Independence of the Federal Reserve

In The Power and Independence of the Federal Reserve, legal scholar Peter Conti-Brown delves into the complexities of the Federal Reserve's role in government and its internal governance. Drawing on historical examples, he challenges common perceptions of the Fed's independence and authority, revealing how various individuals and institutions influence its policy decisions. By examining the historical context of the Federal Reserve Act of 1913 and the evolving responsibilities of the central bank, Conti-Brown provides a nuanced understanding of how the Fed navigates its dual mission of regulating the economy while maintaining independence.