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cover of episode Can the Fed stay independent?

Can the Fed stay independent?

2025/3/4
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Unhedged
AI Chapters Transcript
Chapters
This chapter explores the legal challenge to the President's power to remove Federal Reserve board members, focusing on a Supreme Court case concerning the National Labor Relations Board. The outcome could significantly impact the Fed's independence.
  • Legal challenge to President's power to fire Federal Reserve board members.
  • Supreme Court case concerning the National Labor Relations Board.
  • Potential impact on the Fed's independence.

Shownotes Transcript

President Donald Trump has loudly proclaimed his desire for lower interest rates. Jay Powell, chair of the Federal Reserve, responding to persistent inflation, has kept rates higher. And keeps mentioning that he can’t be fired. But is this true? Today on the show, the FT’s economics commentator Chris Giles joins Katie Martin to discuss an upcoming legal case that might increase the president’s ability to fire the heads of agencies. Also we go short the Atlanta Fed and long vowels. 

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You can email Robert Armstrong and Katie Martin at [email protected]). Hosted on Acast. See acast.com/privacy) for more information.