Powell: "Every advanced economy, democracy" has an independent central bank. 🏦

So really the the the point of of uh independence is not to protect policy makers or anything like that. It just is that every advanced economy democracy in the world has come around to this common practice. It's just an institutional arrangement that is that has served the people well and that is to to have a separation between uh to not have direct elected official control over the setting of monetary policy.And the reason is that monetary policy can be used, you know, through an election cycle to to affe ...