Central Bank Governance and Oversight Reform

Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers’ discussing key questions about the Federal Reserve. Going beyond the widely talked about decision of whether to raise interest rates, they focus on a deeper set of questions, including, among others, How should the Fed make decisions? How should the Fed govern its internal decision-making processes? What is the trade-off between greater Fed power and less Fed independence? And how should Congress, from which the Fed ultimately receives its authority, oversee the Fed?