Can the Fed stay independent?
Trump may have opened a path to control over the US central bank
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
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 unhedged@ft.com.
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