From:
Columbia Business School Dean Emeritus Glenn Hubbard was quoted by CNBC reporter Jeff Cox in an article examining how former Federal Reserve chairs—including Alan Greenspan, Ben Bernanke, and Janet Yellen—navigated political pressure during their tenures. Hubbard discussed the historical importance of Fed independence and warned that increased political scrutiny risks undermining the institution’s credibility. He emphasized that while accountability is essential, central banks function best when policy decisions are insulated from short-term political considerations.
