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9min chapter
Can Trump Push Jerome Powell Out of the Fed? w/WSJ's Nick Timiraos
On The Market
The Independence of the Federal Reserve: Politics and Pressures
This chapter explores the independence of the Federal Reserve, discussing its benefits and criticisms amidst political scrutiny, particularly during Trump's presidency. It examines the historical context of Fed autonomy and the implications of political influence over economic policymaking, as well as Jerome Powell's responses to potential pressures from the administration. Additionally, the chapter considers the legal boundaries surrounding the President's ability to remove or demote the Fed Chair and the potential consequences of such actions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode