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Is the Federal Reserve truly independent?
In Washington and on Wall Street, the biggest question as we head into 2026 is whom President Donald Trump will choose to succeed Jerome H. Powell as the chair of the Federal Reserve. Far more is at stake than the usual scramble for power and prestige. Trump has been clear that he wants the Fed to be another tool in the White House’s arsenal, or, as he said on Truth Social in November, the Fed “must lower the RATE, BIG, right now.” In his choice, the world will see a signal that the Fed’s much vaunted and much discussed independence — the idea that it is staffed by credentialed experts who follow only the ... (full story)
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NotAtrader
Dec 27, 2025 1:16pm
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CNBC's MacKenzie Sigalos reports on Strategy.
The Federal Reserves policy decisions in recent years have exacerbated economic inequality in America, and some of the central banks policymakers say its not a problem they can easily fix. Millions of Americans, especially the richest, took advantage of the ultra-low interest rates during the pandemic, when the Fed loosened up monetary policy to shore up ...