Christina Skinner

Deputy Assistant Secretary for the Financial Stability Oversight Council at the U.S. Department of the Treasury. She is on leave from The Wharton School, where she is an associate professor with tenure and co-director of the Wharton Initiative on Financial Policy and Regulation; her work focuses on central banking, financial regulation, monetary and fiscal policy, and financial stability.

Central Banks Face Accountability Tests Across Independence, Reserves, and Stability Policy

At a Hoover Institution conference on central-bank independence, Marvin Barth, Darrell Duffie and Christina Skinner each framed the next phase of monetary and financial policy as an accountability problem. Barth argued that the Federal Reserve’s policy failures and lack of humility have weakened its political legitimacy; Duffie said shrinking the Fed’s balance sheet depends on changing reserve demand and payment mechanics, not simply selling assets; and Skinner argued that financial stability policy should weigh growth and economic security rather than treating every visible risk reduction as a net gain.

Hoover InstitutionJun 1, 202619 min read