Should central banks be independent?

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Should central banks be independent? Or, should governments have "emergency powers" to overrule central bank interest rate decisions?

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* 0:00 The issue of central bank independence
* 2:45 Discussion on Sky News Jury Program
* 8:59 Implications for interest rate setting

#CentralBank #InterestRates
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Excellent and very articulate TV appearance

PoppyTheSuperDog
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What an interesting and insightful set of opinions! I agree with you Mark, there should only be a well designed emergency power applicable only in a well defined niche scenario.

grishadutta