The Fed's Independence Holds Firm Against Trump's Fervent Efforts The recent rate hike by the Federal Reserve may seem like a routine monetary policy decision, but it marks a significant victory for the institution's independence in the face of intense pressure from President Donald Trump.
For over a year and a half, Trump has been waging a campaign to exert control over the Fed, demanding rate cuts and even plotting a takeover.
Trump's efforts have been largely unsuccessful, serving as a stark reminder of the importance of the Fed's insulation from partisan politics.