# Multimedia 

Multimedia 

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Cato Weekly Podcast • December 10, 2019 

# Politics, Fed Independence, and Paul Volcker 

The Federal Reserve is nominally independent, but the enormous pressure often aimed at Fed chairs past indicates that it’s not that simple. Sir Paul Tucker is author of *Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State*.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

##### Sir Paul Tucker 

[![Square face shot of Caleb O. Brown.](/sites/cato.org/files/styles/author_picture/public/2021-01/cbrown_sq.jpg?itok=zSWLm8kR)](/people/caleb-o-brown) 

##### [Caleb O. Brown](/people/caleb-o-brown)

Former Director of Multimedia, Host and Executive Producer, *Cato Daily Podcast*, Cato Institute