The Federal Reserve’s independence is about to be tested like never before

The Federal Reserve's independence is facing unprecedented challenges as Donald Trump pushes for significant rate cuts and seeks to increase political influence over the institution. This situation raises concerns about the integrity of monetary policy and the potential for short-term political interests to overshadow sound economic decision-making. The call to eliminate the 'revolving door' between the White House and the Fed highlights the urgency of maintaining the Fed's autonomy to ensure it can effectively manage the economy without political interference.