Claims

View and explore all extracted claims from processed sources.

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Extracted Claims (29746)

In 1913, the framers of the Federal Reserve created a central bank to focus on the nation’s long-run financial and economic health. 1.000

👤 The author 📋 News Article 🏷️ History , Economics

Simplified: In 1913 the Federal Reserve framers created a central bank for long-run financial and economic health.

1 sources

22 hours ago
So long as the Fed delivers sound economic growth and stable prices, lawmakers rarely focus on the Fed’s conduct of monetary policy. 0.900

👤 The author 📋 News Article 🏷️ Politics , Economics

Simplified: Lawmakers rarely focus on the Fed when the Fed delivers sound economic growth and stable prices.

1 sources

22 hours ago
If there is little direct credit to be claimed when the Fed delivers a robust economy, then there is little payoff for electoral minded lawmakers to spend time or resources examining the Fed’s perform... 0.900

👤 The author 📋 News Article 🏷️ Politics , Economics

Simplified: Little credit exists for lawmakers examining the Fed's performance when the Fed delivers a robust economy.

1 sources

22 hours ago
Fed independence is strongest when congressional interest in monetary policy sinks. 0.900

👤 The author 📋 News Article 🏷️ Politics , Economics

Simplified: Fed independence is strongest when congressional interest in monetary policy sinks.

1 sources

22 hours ago
The counter-cyclical nature of congressional attention to monetary policy may seem obvious to legislative scholars accustomed to the pervasive impact of electoral motives on legislative behavior and o... 0.900

👤 The author 📋 News Article 🏷️ Politics , Economics

Simplified: Counter-cyclical congressional attention to monetary policy may seem obvious to legislative scholars.

1 sources

22 hours ago
when the economy weakens, the Fed serves as a near perfect legislative punching bag. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: The Fed serves as a legislative punching bag when the economy weakens.

1 sources

22 hours ago
Faulting the Fed allows lawmakers to try to deflect blame from themselves. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: Faulting the Fed allows lawmakers to deflect blame from themselves.

1 sources

22 hours ago
In good economic times, lawmakers have little incentive to pay much attention to the Fed. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: Lawmakers have little incentive to pay attention to the Fed in good economic times.

1 sources

22 hours ago
Efforts to rebalance the accountability and the autonomy of the Federal Reserve are directly tied to the Fed’s performance in sustaining the economy. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: Efforts to rebalance the accountability and autonomy of the Federal Reserve are tied to the Fed's performance.

1 sources

22 hours ago
The Federal Reserve Act has not been fixed in stone since its enactment in 1913: after sharp economic downturns, Congress routinely re-opened the Act to impose new responsibilities on the Fed, require... 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics , History , Regulation

Simplified: Congress routinely re-opened the Federal Reserve Act after sharp economic downturns.

1 sources

22 hours ago
lawmakers face a tradeoff between central bank independence and democratic accountability. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: Lawmakers face a tradeoff between central bank independence and democratic accountability.

1 sources

22 hours ago
More autonomous central banks also offer convenient targets for politicians eager to avoid blame for a poor economy. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: Autonomous central banks offer convenient targets for politicians to avoid blame for a poor economy.

1 sources

22 hours ago
a fully autonomous central bank is rarely politically optimal for legislators: independence precludes a role for lawmakers seeking re-election to oversee macroeconomic policy and to hold central banke... 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: A fully autonomous central bank is rarely politically optimal for legislators.

1 sources

22 hours ago
delegating monetary policy to an independent body prevents the opposition party from juicing the economy when it gains control of government. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: Delegating monetary policy to an independent body prevents the opposition party from juicing the economy.

1 sources

22 hours ago
The solution worldwide has been to insulate central bankers from political interference that might otherwise induce monetary policy-makers to keep interest rates too loose for too long. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics

Simplified: The solution has been to insulate central bankers from political interference.

1 sources

22 hours ago
That short-term strategy, however, has long-term costs: it increases the chances of inflation and brings an inevitable economic recessionary payback. 0.900

👤 The author 📋 Academic Article 🏷️ Economics

Simplified: Short-term economic strategies increase the chances of inflation and bring an economic recession.

1 sources

22 hours ago
As public demand for goods and services expands, economic growth ensues as businesses increase production and employ more workers. 0.900

👤 The author 📋 Academic Article 🏷️ Economics

Simplified: Expanding public demand for goods and services leads to economic growth.

1 sources

22 hours ago
Monetary policy affects interest rates, which in turn shape the public’s borrowing costs, the availability of credit, and ultimately household wealth. 0.900

👤 The author 📋 Academic Article 🏷️ Economics

Simplified: Monetary policy affects interest rates which shape borrowing costs credit availability and household wealth.

1 sources

22 hours ago
Institutions are political not because they are permeated by partisan decision-making but because politicians endow them with the power to exercise public authority on behalf of a diverse and at times... 0.900

👤 The author 📋 Academic Article 🏷️ Politics

Simplified: Institutions are political because politicians endow them with the power to exercise public authority.

1 sources

22 hours ago
successive generations of legislators have made and remade the Federal Reserve System to reflect (often shifting) partisan, political, and economic priorities. 0.900

👤 The author 📋 Academic Article 🏷️ Politics , Economics , History

Simplified: Legislators have remade the Federal Reserve System to reflect partisan political and economic priorities.

1 sources

22 hours ago