Politics & Government
Technocratic Accountability Gaps in Central Banks
Quick fact
Central banks like the U.S. Federal Reserve and the European Central Bank operate with a high degree of independence, allowing them to set interest rates and influence the economy without direct approval from elected politicians or voters.
Why this is interesting
You probably trust that electing officials keeps power in check—but what if the most consequential economic decisions are made by unelected experts you can't vote out?