Fed’s triumph over inflation shows the need for some institutions to be free from politics

In the clamor of the campaign season, we are missing what should be a landmark event.

The United States has managed to bring inflation down without – so far – triggering a recession. This undeniable soft landing is a rare achievement that the conventional wisdom suggests has only happened one other time in the last 60 years. A good measure of credit should go to the Federal Reserve and the manner in which it operates – and yet that is now under threat.

To read the full article, please click here.