The Federal Reserve’s independence is hanging by a thread in the age of Trump - short news
The president’s ultimate goal is to push the Fed – among other independent US institutions – to bend to his will
Jerome Powell, who stepped down this week as chair of the Federal Reserve, had his hits and misses. The Fed was late to react as prices started rising when the Covid pandemic abated, but they eventually acted forcefully and achieved the most rare of feats: a “soft landing”, curbing inflation without sparking a recession or damaging employment.
Strangely,..
source: The Guardian - 15.05.2026