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
