S8 Ep484: Modern Lessons from the Fed-Treasury Accord. Drawing parallels between 1951 and today, John Cochrane examines the tension between presidential administrations and the Federal Reserve during crises. He emphasizes that the Fed must maintain its independence
S8 Ep484: Modern Lessons from the Fed-Treasury Accord. Drawing parallels between 1951 and today, John Cochrane examines the tension between presidential administrations and the Federal Reserve during crises. He emphasizes that the Fed must maintain its independence  
Podcast: The John Batchelor Show
Published On: Thu Feb 19 2026
Description: Modern Lessons from the Fed-Treasury Accord. Drawing parallels between 1951 and today, John Cochrane examines the tension between presidential administrations and the Federal Reserve during crises. He emphasizes that the Fed must maintain its independence, warning against perpetually funding government spending and urging a strict focus on inflation control over politically motivated easy money. #41918 VERDUN