Central bankers set policy with incomplete information, unobservable targets, and constant trade-offs between growth, inflation, and employment. In this episode, we delve into how the fight for Federal Reserve independence could impact markets, interest rates, and your financial future.Topics covered include:<ul><li>What Federal Reserve Chair Powell said at the Fed's annual Jackson Hole Symposium</li><li>What is the Federal Reserve's mission statement</li><li>Why is it normal for U.S. presidents to disagree with the Federal Reserve's policy stance?</li><li>Why attacking the Fed's independence is harmful and could lead to higher interest rates and a weakening dollar</li><li>What causes inflation, and why is it difficult to know the correct level of interest rates</li></ul>SponsorLinkedIn Jobs –&nbsp;<a href="https://linkedin.com/david" rel="noopener noreferrer" target="_blank">Use this link to post your job for free on LinkedIn Jobs</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter</a>Our Premium Products<a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank">Asset Camp</a><a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us Plus</a>Show Notes<a href="https://www.federalreserve.gov/monetarypolicy/monetary-policy-strategy-tools-and-communications-statement-on-longer-run-goals-monetary-policy-strategy-2025.htm" rel="noopener noreferrer" target="_blank">2025 Statement on Longer-Run Goals and Monetary Policy Strategy—The Federal Reserve Board</a><a href="https://www.reuters.com/world/us/trump-says-us-interest-rate-is-least-3-points-too-high-2025-07-09/" rel="noopener noreferrer" target="_blank">Trump says U.S. interest rate is at least 3 points too high—Reuters</a><a href="https://www.reuters.com/business/trump-warns-economic-slowdown-unless-fed-cuts-rates-2025-04-21/" rel="noopener noreferrer" target="_blank">Trump warns of economic slowdown unless Fed cuts rates, triggering selloff by Howard Schneider&nbsp;and&nbsp;Ismail Shakil—Reuters</a><a href="https://www.brookings.edu/articles/the-hutchins-center-explains-the-neutral-rate-of-interest/" rel="noopener noreferrer" target="_blank">What is the neutral rate of interest? by Sam Boocker,&nbsp;Michael Ng, and&nbsp;David Wessel—Brookings</a><a href="https://www.bloomberg.com/news/articles/2025-08-26/trump-removes-fed-governor-lisa-cook-effective-immediately" rel="noopener noreferrer" target="_blank">Trump Moves to Fire Fed’s Cook, Setting Up Historic Fight by Jonnelle Marte and Myles Miller—Bloomberg</a><a href="https://www.semanticscholar.org/paper/Different-Types-of-Central-Bank-Insolvency-and-the-Reis/cadd32158d4adec248d7c065204709c12c5dc051?p2df" rel="noopener noreferrer" target="_blank">Different Types of Central Bank Insolvency and the Central Role of Seignorage by R. Reis—Semantic Scholar</a><a href="https://www.reuters.com/article/business/powells-econ-101-jobs-not-inflation-and-forget-about-the-money-supply-idUSKBN2AN2EJ/" rel="noopener noreferrer" target="_blank">Powell's Econ 101: Jobs not inflation. And forget about the money supply by Howard Schneider—Reuters</a>Related Episodes<a href="https://moneyfortherestofus.com/453-price-of-money/" rel="noopener noreferrer" target="_blank">453: The Price of Money – 700 Years of Falling, Can Interest Rates Keep Rising?</a><a href="https://moneyfortherestofus.com/312-new-fed-policy/" rel="noopener noreferrer" target="_blank">312: What the Federal Reserve’s New Policies Mean For Your Finances</a><a href="https://moneyfortherestofus.com/295-monetizing-the-national-debt/" rel="noopener noreferrer" target="_blank">295: Federal Reserve Insolvency and Monetizing the National Debt</a><a href="https://moneyfortherestofus.com/246-central-banks/" rel="noopener noreferrer" target="_blank">246: What Central Banks Don’t Know Should Concern You</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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