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From: LP12
who are main shareholders of fed = JP Morgan. So really we should urge media at CNBC to just talk about JP Morgan running the largest economy on earth. "Central bank independence versus inflation. This often cited[12] research published by Alesina and Summers (1993)[13] is used to show why it is important for a nation's central bank (i.e.-monetary authority) to have a high level of independence. This chart shows a clear trend towards a lower inflation rate as the independence of the central bank increases. The generally agreed upon reason independence leads to lower inflation is that politicians have a tendency to create too much money if given the opportunity to do it.[13] The Federal Reserve System in the United States is generally regarded as one of the more independent central banks" Sure, do a study over 3 years in a low inflation time frame (1995-1998) = yes letting central banks doing what the hell they like is good for low inflation, so let's do that. https://en.wikipedia.org/wiki/Structure_of_the_Federal_Reserve_System

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