The Fed (Continued)

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Inflation · Macroeconomics · Cost of Living · White House · economy

17. Reuters. “Argentina Ousts Central Bank Chief Martín Redrado Amid Reserve Dispute.” January 2010. Chronicles a precedent for executive pressure on a central bank and ensuing legal turmoil.

18. International Monetary Fund. “Zimbabwe: 2009 Article IV Consultation—Staff Report.” IMF Country Report, 2009. Post-mortem on quasi-fiscal operations and monetization that fed hyperinflation.

19. U.S. TreasuryDirect. “Call Protection: Noncallable Marketable Securities.” TreasuryDirect Glossary. Accessed August 26, 2025. Clarifies that modern Treasury notes and bonds cannot be called by holders or issuer.

20. Financial Stability Board and BIS. “Lessons from March 2020: Market Dysfunction and the Role of Central Banks.” Joint Reports, 2020–2021. Analyzes safe-asset fragility and the stabilizing function of an independent central bank.

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