The Breakdown: What Can The Federal Reserve Do for You?

The Breakdown: What Can The Federal Reserve Do for You?

The Breakdown: What Can The Federal Reserve Do for You?

Matthew Yglesias joins Chris Hayes to explain the vital role the Fed plays in managing the health of the economy.

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Matthew Yglesias joins Chris Hayes to explain the vital role the Fed plays in managing the health of the economy.

The Federal Reserve has gotten a lot of flack recently. Ron Paul, who has been particularly vocal in his view that the Fed ought to be abolished altogether, even became Chair of the Monetary Policy Subcommittee this past December. And yet, relatively little has been said in the mainstream media to explain how the Fed actually works, and what institutional purpose it’s supposed to serve. On this week’s edition of The Breakdown, DC Editor Chris Hayes and blogger Matthew Yglesias discuss the role of the Fed in managing the health of the economy and lay out how a more robust system of accountability that ensures it fulfills that role is long overdue.

Further Reading:
Yglesias’s Democracy article on the Federal Open Market Committee.

Subscribe to The Breakdown on iTunes to listen to fresh takes on the confusing concepts that make politics, economics and government tick. A new episode every week!

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