Trump's Assault on the Fed: A Threat to More Than Just Independence The recent departure of Jerome Powell as chair of the Federal Reserve has reignited tensions between the central bank and the White House.
While Powell's tenure was marked by significant accomplishments, his lasting legacy may be his defense of the Fed's independence in the face of an increasingly imperial presidency.
The notion that the Fed's independence is a settled matter, enshrined in the nation's constitution as a bulwark against presidential overreach, is being tested.