President Donald Trump and Federal Reserve Chair Jerome Powell are dueling over interest rates set by America’s secretive central bank, the Federal Reserve. Is the Fed’s secrecy and independence good for the economy? Who should control the institution — the people, the president, or Wall Street? And why are so many experts in media, politics and business afraid to even consider challenging the status quo?
Today on Lever Time, David Sirota speaks with two provocative economic thinkers about what is really at stake in this battle between Trump and Powell, and how this clash over the Federal Reserve affects millions of Americans.
Check out Matt Stoller’s newsletter “Big” here.
Check out Nathan Tankus’s newsletter “Notes on the Crisis” here.
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