Political Gabfest One Thing Even Trump Won’t Do
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Apr 24, 2025 
Henry Blodget, founder of Regenerator and former CEO of Business Insider, joins the discussion on the political landscape shaped by Trump's threats against Fed Chair Powell. The conversation highlights the significance of Fed independence amid political intimidation and rising interest rates affecting economic stability. They also tackle the complexities of a Supreme Court case on religious liberty, revealing the tensions between inclusivity in education and family values. Blodget shares insights on AI's disruptive potential, making for a compelling blend of finance and culture.
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Importance of Fed's Independence
- Fed independence prevents presidents from destroying currency value by manipulating money supply for short-term gain.
- Political interference risks runaway inflation and destabilizes the economy, making Fed autonomy crucial.
Fed Independence Is Politically Backed
- The Fed's independence is mainly protected politically despite some legal backing from cases like Humphrey's Executor.
- Supreme Court may treat the Fed differently due to its unique global economic importance, resisting maximalist presidential firing powers.
Trump's Fed Chair Quandary
- Trump wants a Fed chair willing to lower interest rates to offset trade war harms.
- Yet, firing Powell risks legal battles and economic instability before resolution.
