Political pressure on the Fed

05 Dec 2025 Leave a comment

by Jim Rose in business cycles, econometerics, economic history, economics of bureaucracy, macroeconomics, monetary economics, politics - USA, Public Choice Tags:

From a forthcoming paper by Thomas Drechsel: This paper combines new data and a narrative approach to identify variation in political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not necessarily reflect political…

Political pressure on the Fed

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