[dghlsakjg]

The fed was very intentionally set up to be resistant to tampering from political forces, and especially the executive. The entire governance structure is so that they can take actions that may be painful in the short term without being stopped by politicians.

Before Trump it was, for good reason, incredibly taboo to place pressure on the fed or even hint at interfering. Most economists are pretty horrified that particular barrier has been crossed.

The fed has a pretty big stick, and a mandate to try to balance inflation with unemployment. Throwing politics into the mix is a very bad idea since politicians worry about very different things, and adhere to election timelines.

The president has no business getting involved here.

[recursivedoubts]

the fed was set up to protect the big banks

the rest, and in particular the economics profession, is window dressing

[selridge]

any other pearls of wisdom from the Mises institute you want to share?