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Opinion

The Fed Is Powerful—That’s the Problem

Interest rates are arguably the most important prices in the economy.
The Fed Is Powerful—That’s the Problem
The Federal Reserve building is seen in Washington in a file photo. Joshua Roberts/Reuters
Matthew Blakey
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Commentary

Whenever the Federal Reserve releases its meeting minutes, a crowd of analysts rush to dissect every comma and qualifier. But in a country that prides itself on free markets and capitalist dynamism, why do we hang on the every word of an exclusive club of central planners?

Matthew Blakey
Matthew Blakey
Author
Matthew Blakey is a financial professional with a background in banking and investments. He holds both an MBA and a Master of Organizational Leadership, and has published in academic journals and media platforms on topics including monetary policy, economic freedom, and organizational management.