Developed
Undeveloped
Japan
Argentina

Obviously it was joking, but illustrated the point that the extreme outliers aren't following the accepted rules of economics (thus far). But they will, given enough time.

Let's take a look at those two extremes: PM Abe pushed the BOJ to go to zero, then negative interest rates on loans, trying to Kickstart their stagflated economy. It didn't work, so they brought in a few new PM, who's fiscal policy brought a deepening of the crisis, so they went back to Abe. Still unsuccessful in turning it around. The latest surge has been those who have a socialism bent. Getting worse now.

Javier Milei was elected to put a stop to the horrible economic policies that caused starvation. He immediately cut back on government spending. They're experiencing the first positive growth in a long, long time. He eliminated 5k government jobs, reduced 12 cabinet positions, removed 380,000 regulations and opened up the oil industry.

While I agree that independence of the central bank is a pivot point, I think the Fed is far less independent of the Executive and Legislative branches than we realize. Sure, there's a legal separation, but no one can deny the influence they exert during an election year.