Reforms for a New Era at the Federal Reserve: A Conversation with Eleanor Mueller

<p>The Federal Reserve, established in 1913, has evolved far beyond its original mandate, becoming one of the most debated institutions in the United States.</p><br><p> Some critics blame it for economic instability and want it abolished, while some supporters advocate expanding its powers. Over time, the Fed has taken on more responsibilities like achieving specific macroeconomic goals, providing fiscal support to the federal government, and regulating thousands of banks and other financial institutions. This expansion has led to greater government involvement …