central bank independence
4 briefs
Trump Is Getting the Fed He Wanted. The Question Is What He'll Do With It.
Kevin Warsh clears the Senate Banking Committee 13-11 and takes over from Powell on May 15. The Fed he inherits is more divided than it has been in decades, and the economy is the opposite of what Trump promised Warsh would fix.
Powell's Last Stand: The Fed Holds Rates and Its Ground
Jerome Powell holds rates steady in what is expected to be his final meeting as Fed chair, warning that legal attacks are 'battering' the institution.
The Man Trump Picked to Run the Fed Says He Won't Do What Trump Wants
Kevin Warsh's confirmation hearing produced the predictable pledges of independence. The predictable part is the problem: every Fed nominee says this, and the chair who actually defies a sitting president has not yet existed.
Trump Says He'll Fire Powell Even After the Chair Term Ends. The Market Is Betting He Won't.
Trump threatened to remove Powell not just as chair but as a Fed governor. Polymarket says 8.5% chance he actually does it by June. The gap between the threat and the market reveals the real bet.