Why Defending the Federal Reserve’s Independence Is Crucial for America’s Economic Stability

When President Trump publicly demands the resignation of Federal Reserve Governor Lisa Cook over unproven allegations and threatens to fire Fed Chair Jerome Powell for not slashing interest rates, we face more than a political spat. These actions strike at the heart of what has long kept America's economy resilient: the independence of the Federal Reserve. Why Does Fed Independence Matter for American Families? The Federal Reserve wields unmatched influence over our nation's economic health through its control of short-term interest rates. By independently adjusting these rates, it can cool down runaway inflation or stimulate growth during downturns—actions often unpopular...