Bunker USA: Land of the Fed – The unbridled power of America’s central bank

The Federal Reserve has a huge sway over the US economy – and therefore the world’s. But as well as financial clout, it also has a massive political impact. How does it run – and how do its actions impact us all? Alex Andreou is joined by Larry Jacobs, co-author of Fed Power: How Finance Wins and professor at the University of Minnesota, to discuss for The Bunker USA. “It’s serving the interests of finance and working separate from democratic accountability.” “The key thing to remember is it is its own operation. It stands alone with its autonomy.” “It is not beholden to Congress. It doesn’t rely on Congress for any appropriation. Its officials have tremendous latitude.” “The magnitude of its intervention is quite remarkable.” www.patreon.com/bunkercast Presented by Alex Andreou. Music by Jade Bailey. Audio production: Alex Rees. Lead Producer: Jacob Jarvis. Group Editor: Andrew Harrison. THE BUNKER is a Podmasters Production Learn more about your ad choices. Visit podcastchoices.com/adchoices