The Fed Is a Perfect Case Study for Thinking About Relative Autonomy

Brenner: The Fed is a perfect case study for thinking about relative autonomy. He says it has the imperative of creating enough economic growth without creating too much that you have full employment. And then it has an imperative to try to avoid the worst excesses of financial instability, he adds. Sometimes those goals point in one direction and sometimes they come into conflict, Brenner argues.