As markets focus on the latest Federal Reserve meeting and speculation over interest rate cuts, a deeper question demands attention: Who really controls U.S. monetary policy—and why isn’t it democratic?🔴🔴🔴Support Independent media to remain bold: https://patreon.com/IndiaGlobalLeftLink for donation: https://paypal.me/sankymudiar🔴🔴🔴In this episode of India & Global Left, we sit down with Leah Downey, political economist and author of a powerful new book that critiques the Federal Reserve. Downey explains how the Fed operates as a technocratic institution, insulated from democratic accountability, and why its decisions—whether hiking rates, cutting them, or expanding its balance sheet—often reflect elite priorities rather than the needs of the majority.💡 What you’ll learn in this conversation:Why the Fed’s structure and decision-making processes are fundamentally undemocraticHow technocracy dominates monetary policy, leaving ordinary people without a voiceThe hidden consequences of Fed policies for workers, wages, and inequalityDowney’s proposals for democratizing monetary policy so that it serves the public interest, not just Wall StreetWhat today’s rate cut debates reveal about the Fed’s broader legitimacy crisisThis is not just about interest rates. It’s about who should decide the economic future of millions of Americans. Should monetary policy remain in the hands of unelected technocrats—or should democracy have a say?🔴🔴🔴Follow us on Substack: https://substack.com/@indiagloballeftTwitter: https://twitter.com/Indiagloballeft Instagram https://www.instagram.com/indiagloballeft/ Facebook: https://www.facebook.com/profile.php?id=61559411353392Spotify: https://open.spotify.com/show/69Y9iCWUv8ha3ATsPWtWk0?si=ee1f0de3de094f17Telegram: https://t.me/+WNlqoiv1Rhg5NjEx🔴🔴🔴