Waylon Wong

Trump signed an executive order in mid-February to make sure agencies follow the president's priorities. It put tighter control on how these agencies spend and regulate. And it applied to agencies like the Securities and Exchange Commission, the Federal Trade Commission, and the Federal Reserve.

Katherine says it's widely accepted that less independent central banks end up with higher inflation. Research backs this up.

Katherine says it's widely accepted that less independent central banks end up with higher inflation. Research backs this up.

Katherine says it's widely accepted that less independent central banks end up with higher inflation. Research backs this up.

It also raises questions over how the Fed might intervene when something goes wrong. For example, when Silicon Valley Bank ran into financial trouble in 2023, the Fed stepped in to lend it money. Would those decisions now be subject to White House review?

It also raises questions over how the Fed might intervene when something goes wrong. For example, when Silicon Valley Bank ran into financial trouble in 2023, the Fed stepped in to lend it money. Would those decisions now be subject to White House review?

It also raises questions over how the Fed might intervene when something goes wrong. For example, when Silicon Valley Bank ran into financial trouble in 2023, the Fed stepped in to lend it money. Would those decisions now be subject to White House review?

Fed Chair Jerome Powell has been fielding more questions lately over whether his decisions on interest rates will be influenced by Trump or, for that matter, Elon Musk.

Fed Chair Jerome Powell has been fielding more questions lately over whether his decisions on interest rates will be influenced by Trump or, for that matter, Elon Musk.

Fed Chair Jerome Powell has been fielding more questions lately over whether his decisions on interest rates will be influenced by Trump or, for that matter, Elon Musk.

Please don't bother me.

Please don't bother me.

Please don't bother me.

Jerome Powell's term as chair expires next year. So if Trump wants to go in a different direction on monetary policy, that would be his earliest opportunity.

Jerome Powell's term as chair expires next year. So if Trump wants to go in a different direction on monetary policy, that would be his earliest opportunity.

Jerome Powell's term as chair expires next year. So if Trump wants to go in a different direction on monetary policy, that would be his earliest opportunity.

And I'm Waylon Wong. This is NPR. Thanks for listening.

And I'm Waylon Wong. This is NPR. Thanks for listening.

And I'm Waylon Wong. This is NPR. Thanks for listening.