Global Daily: Independence Week

It was a reassuring week for those who are concerned about central bank independence. At the ECB’s annual conference in Sintra, moderator Sarah Eisen channelled a bit of her inner Beyoncé, asking a panel of central bank heads “To all you [bankers], who independent, throw your hands up at me.” All four policymakers, including Fed Chairman Warsh, confirmed the importance of central bank independence: “The Fed acted independently before the Supreme Court ruling, and the Fed will continue to do so after the ruling.”