Lisa Cook and the fight for the Fed
Planet Money
2025/08/29
Lisa Cook and the fight for the Fed
Lisa Cook and the fight for the Fed

Planet Money
2025/08/29
Shownote
Shownote
The Federal Reserve has been under intense pressure from President Donald Trump as he pushes for more control over the historically independent agency. The Fed is tasked with keeping inflation and unemployment under control, and it’s supposed to be insulat...
Highlights
Highlights
The Federal Reserve, long regarded as an independent institution insulated from political influence, is now facing unprecedented pressure from former President Donald Trump. His recent attempts to remove Federal Reserve Governor Lisa Cook have sparked a legal battle and raised serious concerns about the future of the Fed's autonomy. This episode delves into the structure and function of the Federal Reserve, the implications of political interference, and what could happen if the central bank becomes a tool of presidential will.
Chapters
Chapters
Trump vs. the Fed: A Legal and Political Battle
00:00How the Federal Reserve Really Works
05:58The Independence of the Fed Under Threat
11:35What Happens If the Fed Becomes Political?
18:17Market Fallout and the Future of the Fed
21:34Transcript
Transcript
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