This podcast episode explores the various attempts by President Trump and his allies to reduce the independence of the Federal Reserve, including proposals for greater presidential influence over interest rate decisions and efforts to remove the current Fed chair, Jerome Powell. The episode highlights the potential risks and consequences of such interference, including the possibility of runaway inflation, as well as the division among Trump's advisors on this issue. Despite the uncertainty surrounding Trump's actions, it is evident that he is concerned about the Fed's independence and has expressed a desire for greater presidential input in shaping interest rates.
