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Title:It's time to rein in the fed PDF Logo
Authors:Fullwiler, Scott
Wray, L. Randall
Issue Date:2011
Series/Report no.:Public policy brief // Jerome Levy Economics Institute of Bard College 117
Abstract:Scott Fullwiler and Senior Scholar L. Randall Wray review the roles of the Federal Reserve and the Treasury in the context of quantitative easing, and find that the financial crisis has highlighted the limited oversight of Congress and the limited transparency of the Fed. And since a Fed promise is ultimately a Treasury promise that carries the full faith and credit of the US government, the question is whether the Fed should be able to commit the public purse in times of national crisis.
ISBN:978-1-936192-14-4
Document Type:Research Report
Appears in Collections:Public Policy Briefs, Levy Economics Institute of Bard College

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