Runaway inflation, lower spending and reduced investment: the dangers of political interference with the U.S. Federal Reserve.

The U.S. Federal Reserve is supposed to operate independently – but that hasn’t stopped politicians from trying to interfere when elections near.

The U.S. Federal Reserve was initially set up to deal with ongoing financial panics. Its key role is to keep inflation in check – but it does a lot more.

The central bank of the United States makes key decisions about interest rates and works to keep the economy stable.