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Central bank autonomy must not be trifled with
Mint Kolkata
|January 14, 2026
Independence holds the key to long-term financial stability and economic growth. It liberates the central bank’s pursuit of pre-defined policy goals from short-term political calculations
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The latest spat between US Federal Reserve chair Jerome Powell and US President Donald Trump strikes at the very heart of what central banks hold dear as the key to not just long-term financial stability, but also economic growth: central bank independence.
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