central bank independence

2 briefs

power 2026-04-25

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.

power 2026-04-17

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.