The economy functions best when the central bank is free of short-term political pressures. As former chairs of the board of governors of the Federal Reserve System, we are united in the conviction that the Fed and its chair must be permitted to act independently and in the best interests of the economy, free of short-term ...

Fed should begin unwinding position: Greenspan

Former Federal Reserve chairman Alan Greenspan, and John Taylor, former U.S Treasury Undersecretary, debate what is to blame for the housing bubble. Taylor says monetary impulse is a big factor. ...