Can the Federal Reserve stay independent?

This NPR Indicator podcast episode analyzes two of President Trump's executive orders impacting the US economy. The first concerns the Federal Reserve's independence, specifically focusing on the potential for White House influence over bank regulation while leaving monetary policy ostensibly untouched; however, experts question the practicality and potential consequences of this division. The second executive order, related to a cost-cutting initiative ("DOGE"), is examined for its effectiveness and legality, revealing discrepancies between claimed savings and verifiable figures, highlighting the challenges of large-scale government efficiency efforts. The podcast concludes by noting the potential for increased deficits despite the cost-cutting measures, due to other legislative priorities. The episode cites examples of flawed accounting within the DOGE initiative and the potential for higher inflation if the Fed's independence is compromised.