In praise of an independent Fed

Steve Sosnick, Interactive Brokers’ chief strategist, discusses the importance of an independent Federal Reserve.

The Fed does have reporting requirements to the government, but is given the freedom to pursue a dual mandate: full employment and a stable inflation rate.

Sosnick believes the Fed’s recent actions have shown that the central bank is achieving this mandate.

Check out the video below to learn why: 

The video first appeared on InteractiveBrokers’ Traders’ Insight blog on July 12.

Photo Credit: Eli Christman via Flickr Creative Commons