Gradual loss of the independence of the central bank can not pull out of a bygone era.

<P> 5 月 23 Sun Mon U.S. "Business Week" magazine "CentralBankersCantReturntoSimplerTimes" the article said, even if the economic recovery, political demands will still be endless, the world's major central banks this would pose a huge threat to independent decision-making. .</ P> <P> 5 9, Federal Reserve Bank called the Federal Reserve held an emergency meeting to discuss the escalating debt crisis, some policy makers worried that a helping hand to the European Parliament will not be welcome. .U.S. Senate debate on the reform of the financial system under way, some Fed officials said that help the European central bank will encourage legislators to maintain the independent status. .Finally, foreign banks, the Fed decided to agree with the short-term currency swaps. .</ P> <P> the central bank is facing political, this is not the first time. .Spend trillions of dollars in public funds help the global economy, the major central banks has been difficult to return to the past era of independent monetary policy. .</ P> <P> Even if the world economic recovery, the central bank will still be the face of these new political aspirations. .</ P> <P> that the central bank can not concentrate on promoting economic growth while curbing inflation this important and difficult task and heart next to the greedy, this trend has many risks. .Implementation of monetary policy should be independent of the political, reason is to focus on the next election than the politicians, the central bank's policy-makers more freedom to take some tough measures against inflation, and, more independent central bank .Good to withstand pressure, to avoid the use of printing presses to pay for government spending. .Many economists worry too much if the central bank decision-making with the political will, then the interest rate policy will become a matter of convenience, more to meet short-term goals. .</ P> <P> To prevent such a situation, central banks need to develop new strategies to cope with unprecedented pressure. .Co-worked with Bernanke at Princeton University did a study at New York University professor Make Ge Butler said the central bank should better explain the work they do and why. .Whether Bernanke moves close to the people in Philadelphia, or listen on Capitol Hill after the common interpretation of the communication strategy do, all of the central bank from government pressure, to remain independent is critical. .</ P> <P> now, the Fed has repulsed the greatest threat before it, including Republican members of Congress David Witt on Fed policy to allow continuous review of proposals. .</ P> <P> However, other central banks are not as effective as the Federal Reserve to maintain its independence. .South Korean government to appoint a fiscal year in January the Bank of Korea attended the meeting of senior officials, trying to maintain low interest rates, this is the first time in more than a decade. .</ P> <P> as Greece and other European governments to get rid of the pressure caused by high interest rates, the ECB decided to buy sovereign bonds, and urged world leaders to reduce the deficit. .Italy, European Central Bank President and members of the Commission Mario Draghi said recently that, in addition to a unified budget, the euro zone have no choice. .</ P>.