Political Central Banks

           

Central banks were set up on the premise that it would be best for a country to keep its financial system from undue political influences.

                   

Over time, politicians have let their natural tendency to exert influence and produce financial and economic pressures. It generally is harmful to change independent, objective banking independence, particularly during stressful times. But major global central banks are not doing well with regard to their national financial crises,

                       

In the U.S., the Federal Reserve, which always has been loosely supervised by Congress, appears to be more under the influence of the White House and its fiscal policy than it had ever been in past administrations.

                       

The Fed now goes more deeply into the American economy than it had before. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)