Votewiser 119th Congress News Hub

Congress Member

Pablo Hernández

Democratic

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Image for UPDATE 1-New BIS head stresses importance of central bank independence and accountability
via: devdiscourse.com

UPDATE 1-New BIS head stresses importance of central bank independence and accountability

Uncertainty surrounding the world's most important monetary authority, the Federal Reserve, has risen this year as the U.S. President has repeatedly criticised its Chair Jerome Powell and on Monday announced he was firing one of its governors, Lisa Cook. "A clear price stability mandate, independence and accountability are the anchor, hull and mast of the monetary policy vessel," Pablo Hernandez de Cos, who in July took over as General Manager of BIS, often dubbed the central bankers' central bank, said in a speech in Mexico. Read More