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Central Banks Have Become Too Powerful, Former Banker Says
Resume![A view of the Federal Reserve is seen on May 2, 2018 in Washington, D.C. (Brendan Smialowski/AFP/Getty Images)](https://wordpress.wbur.org/wp-content/uploads/2018/05/0525_federal-reserve-1000x666.jpg)
In the decade since the financial crisis, central banks have become powerful and influential institutions.
Paul Tucker, the former deputy governor for the Bank of England, talks with Here & Now's Jeremy Hobson about why he thinks central bankers -- unelected officials whose actions determine our economic well being — have too much power.
Tucker is author of the book "Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State."
This segment aired on May 25, 2018.