How to kill the Fed’s independence

If Trump wanted to take control, its constitutional protections are far from secure

Topics

Democrats demand Trump nominee commit to Fed independence

US president’s pick to head Council of Economic Advisers has argued the central bank is at odds with US constitution
Financial Times - 1d
Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies

A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities has set off alarm.
The New York Times - 4d
The Fed is stuck in neutral as it watches how Trump’s policies play out

With an abundance of unknowns, the only gear the central bank really can be in these days is neutral.
CNBC - 2d
How a church administrator tracked down the woman now accused of killing her father and 3 others

On a May afternoon two years ago, Christyn Akin-Crockett found herself in an unusual situation.
NBC News - 3d
12 of the best independent shops in Copenhagen

From sleek interior stores to modern perfumiers and quirky sex shops, the Danish capital has no shortage of unusual shopping opportunities. Inspired by Keith Haring’s Pop Shop, which the artist saw ...
The Guardian - 9h
Is the Fed’s preferred measure of inflation set to fall?

Market Questions is the FT’s guide to the week ahead
Financial Times - 2d
Americans Are Expecting Higher Prices. That Could Unnerve the Fed.

More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.
The New York Times - 45m
Germany’s election winner pledges ‘independence from US’

Friedrich Merz says the Trump administration is ‘largely indifferent’ to Europe’s fate
Financial Times - 1d
Fed Flags Rising Inflation Risks and Rising Uncertainty About Trump’s Policies

Rates cuts are still on the menu, but like many businesses, Fed officials are having a tough time judging the impact of Trump’s tariff and immigration plans.
Inc. - 4d

More in World

Denmark to ban mobile phones in schools and after-school clubs

Government accepts advice of commission that also says children under 13 should not have their own smartphone. Denmark is to ban mobile phones in schools and after-school clubs on the ...
The Guardian - 9m
Nearly 40% of contracts canceled by Doge are expected to produce no savings – live

Almost 40% of federal contracts canceled as part of Doge’s cost-cutting efforts aren’t expected to save government any money, Trump administration’s own data shows. It’s coming down to the wire for ...
The Guardian - 10m
Trump tasks son’s hunting pal with keeping the US food supply safe

Kyle Diamantas, Florida attorney with ties to Donald Trump Jr, will oversee about 80% of US food supply. The acting federal government official overseeing the vast majority of the US’s food supply ...
The Guardian - 23m
6 babies have frozen to death in Gaza as displaced people shelter in tents: Medics

Palestinian medics say at least six infants have died from hypothermia in the last two weeks in the Gaza Strip
ABC News - 23m
Trump, Meeting With Macron, Says He Might Visit Russia

At a meeting at the White House, President Trump declined to call President Vladimir V. Putin of Russia a dictator while President Emmanuel Macron of France stated flatly that “the aggressor is ...
The New York Times - 28m