From:
American Banker reporters Maria Volkova and John Heltman referenced Columbia Business School Dean Emeritus Glenn Hubbard in coverage of lawmakers’ response to a Department of Justice inquiry involving the Federal Reserve. The article notes that Hubbard was among the economists who signed a public statement warning that former President Donald Trump’s actions toward Federal Reserve Chair Jerome Powell risk undermining the central bank’s independence. Hubbard emphasized that politicizing monetary policy can erode market confidence and weaken the Fed’s ability to manage inflation and financial stability effectively.
