May 4, 2018 / 5:04 PM / 6 months ago

Breakingviews - The Exchange: Putting limits on central-bank power

The U.S. Federal Reserve building is seen in Washington June 29, 2011. REUTERS/Jim Bourg

LONDON (Reuters Breakingviews) - Central bankers emerged from the financial crisis with more clout than ever before. Can this be reconciled with democratic legitimacy? Former Bank of England Deputy Governor Paul Tucker explains why monetary authorities have become “overmighty citizens”, and how to rein them in.

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Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


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