Part 1/11:
The Battle for the Federal Reserve: Can Trump Take Control?
Introduction: The Central Role of the Federal Reserve
In the intricate web of American finance and global markets, the Federal Reserve stands as a powerhouse of influence and stability. Responsible for setting interest rates, guiding economic policy, and safeguarding the U.S. economy, the Fed’s independence is a foundational element of the nation’s financial system. This independence insulates monetary policy from political pressures, ensuring long-term economic stability and effective inflation control. It was established by the 1951 Treasury-Fed Accord to maintain this autonomy, which has generally been respected across administrations.