In this discussion, Stuart Paul, a macroeconomic expert, delves into the precarious balance between political power and the Federal Reserve's independence. Max Chafkin highlights the tensions between President Trump and Fed Chair Jerome Powell, raising alarm over potential changes to presidential authority over independent agencies. Jeff McClean adds insights on how market trends react to political pressures, especially regarding interest rates and economic stability, as the looming threat of recession and international trade issues complicate the economic landscape.
