The Growing Risk to Fed Independence That Wall St Isn't Watching

2025-04-01 · 32 min · 13 entities

episode page audio

Asserted relationships

→ discusses Business concept

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evidence rules-v4
Feed category: Business
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evidence rules-v4
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→ discusses Investing concept

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Feed category: Business News

Entities found in this episode

concepts 9

mentioned Business concept

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evidence rules-v4
Feed category: Business
mentioned Investing concept

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evidence rules-v4
Feed category: Investing
mentioned News Commentary concept

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evidence rules-v4
Feed category: News Commentary
mentioned Business News concept

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evidence rules-v4
Feed category: Business News
discusses Business concept

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evidence rules-v4
Feed category: Business
discusses News concept

0.40

evidence rules-v4
Feed category: News
discusses Investing concept

0.40

evidence rules-v4
Feed category: Investing
discusses News Commentary concept

0.40

evidence rules-v4
Feed category: News Commentary
discusses Business News concept

0.40

evidence rules-v4
Feed category: Business News

companys 3

mentioned Bloomberg company

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evidence rules-v4
Feed author/publisher: Bloomberg
mentioned Columbia Law School company

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professor at Columbia Law School and
hosted by Bloomberg company

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evidence rules-v4
Feed author/publisher: Bloomberg

books 1

mentioned Fed Unbound book

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author of The Fed Unbound

Episode description as stored

Last month, Donald Trump fired the Federal Trade Commission's two Democratic commissioners. They have since filed suit, arguing that the law that created the FTC — as well as a 90-year-old Supreme Court precedent — prevent the president from firing them without cause. And now, what might seem like a niche legal dispute could end up having much bigger consequences for other independent government agencies, including the Federal Reserve. That would be a huge shock for Wall Street, which tends to value central bank independence. In this episode, we speak with Lev Menand, professor at Columbia Law School and author of The Fed Unbound , to talk about the huge stakes involved in this case. Read More: Trump and the Fed Are on a Collision Course Who Will Protect the Fed’s Independence? The Markets Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.