Why heads of central banks are so powerful
In a 2009 Newsweek article, The 50 Most Powerful People
List, there are 3 bankers who are listed as the 4th, 5th, and 6th most powerful
people in the world.
Read the following article on the “Economic
Triumvirate”: Downloadable pdf version: The Global Elite: Economic Triumvirate,
or go to http://www.newsweek.com/id/176288
â?¢Explain why these three men (the 3 bankers who are listed
as the 4th, 5th, and 6th most powerful people in the world) might be considered
more powerful than most countries’ leaders.
â?¢Explain how or why, during the recession of
2008â?”09, banks of the world seemed to unite on cue to lower interest
rates worldwide.
â?¢Provide discussion on how you would improve U.S. monetary
policy.
