Trump can bully the Fed but he can’t bully the bond markets
https://www.telegraph.co.uk/business/2025/08/26/trump-can-bully-the-fed-but-he-cant-bully-bond-markets/
The belligerent president has trashed America’s monetary credibility. He may live to regret it.
https://www.telegraph.co.uk/business/2025/08/26/trump-can-bully-the-fed-but-he-cant-bully-bond-markets/
The belligerent president has trashed America’s monetary credibility. He may live to regret it.
Trump’s interest-rate crusade will be
self-defeating
https://www.economist.com/finance-and-economics/2025/08/28/trumps-interest-rate-crusade-will-be-self-defeating
New research shows the importance of central-bank credibility.
New research shows the importance of central-bank credibility.
Get Ready for the End of Fed Independence
https://www.wsj.com/economy/central-banking/get-ready-for-the-end-of-fed-independence-5a52a824
Markets haven’t yet grappled with the implications of the president having control over the central bank.
https://www.wsj.com/politics/policy/trumps-fed-aggression-poses-new-test-on-limits-of-presidential-power-19085baf
The move to fire Lisa Cook comes after the Supreme Court signaled its intention to protect the central bank’s independence.
The Fate of the Fed May Turn on Two Words: ‘For Cause’
https://www.nytimes.com/2025/08/27/us/politics/supreme-court-fed-trump.html
The Supreme Court has said the Federal Reserve Board’s independence warrants protection. President Trump’s effort to fire a member will test that commitment.
https://www.nytimes.com/2025/08/27/us/politics/supreme-court-fed-trump.html
The Supreme Court has said the Federal Reserve Board’s independence warrants protection. President Trump’s effort to fire a member will test that commitment.
Seeking to Control the Fed, Trump Risks Upending a Pillar of the Global Economy
https://www.nytimes.com/2025/08/26/us/politics/trump-fed-lisa-cook.html
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
Trump’s Appointees Could Rule the Federal Reserve for Decades
https://www.nytimes.com/interactive/2025/08/26/us/politics/trump-fed-appointees.html
If President Trump succeeds in replacing Lisa Cook, his nominees will make up a majority of the central bank’s seven-person board.
Related:
https://www.wsj.com/economy/central-banking/uncharted-waters-trumps-attempt-to-take-charge-of-the-fed-a2548461