Michael J. Orlando is a principal of Economic Advisors and a former vice president in the Federal Reserve System. He is co-author of Money, Financial Intermediation and Governance (Edward Elgar Publishing, 2008).
Empowering the Federal Reserve to fix problems in the financial services industry may seem the smart thing to do right now, but watch out. Its hard-earned independence is at stake. By Dino Falaschetti. and Michael J. Orlando.