Should Economists Champion Fed “Independence”?

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Tags: Monetary Theory, Other Schools of Thought, The Fed

04/25/2025 Robert P. Murphy Joseph T. Salerno

Dr. Joe Salerno joins Bob to review the recent tensions between Donald Trump and Fed Chairman Jerome Powell. As Trump questions Powell’s leadership and Fed policy, they explore the deeper issues: Should central banks really be “independent”? Does the Fed’s shield from political oversight protect sound economics—or merely insulate elites from accountability? Murphy and Salerno tackle myths about interest rates, inflation, debt monetization, and the Fed’s true relationship with government spending.

Trump’s Truth Social Post on Inflation: Mises.org/HAP497a
Can Trump Fire Federal Reserve Chair Jerome Powell?: Mises.org/HAP497b

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

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