Jerome Powell and the Future of Fed Independence
Planet Money
5 DAYS AGO
Jerome Powell and the Future of Fed Independence
Jerome Powell and the Future of Fed Independence

Planet Money
5 DAYS AGO
Shownote
Shownote
If you have a credit card, hope to buy a house, or just want stable grocery prices – let’s talk about the future of Fed independence! It’s impossibly important for the Federal Reserve to steer monetary policy without political interference – an ideal push...
Highlights
Highlights
This episode examines the intense political pressure faced by Federal Reserve Chair Jerome Powell during his tenure, exploring how the Trump administration's actions challenged the long-standing principle of central bank independence. The discussion places these events in historical context, comparing them to past presidential interference with the Fed and analyzing what they mean for the future of monetary policy.
Chapters
Chapters
A Chair Under Siege: The Unprecedented Conflict Between Trump and Powell
00:00Lessons from History: When Presidents Tried to Tame the Fed
06:06Inside the Pressure Campaign: A Former Fed Board Member Speaks Out
12:41Congress Steps In: How a Criminal Investigation Was Halted
22:58The New Normal? Why Fed Independence May Be the Exception, Not the Rule
26:53Transcript
Transcript
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