What About Those Regional Federal Reserve Banks?

Average Kentuckians will suffer if Trump weaponizes the economy

Federal Reserve Chair Jerome Powell administers the oath of office to Lisa Cook to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022, in Washington, D.C. (Photo by Drew Angerer/Getty Images)For many Kentuckians, the American dream feels harder to reach than ever. Homeownership, once a reasonable goal for young families in Bo…

The facade of independence: Observing US Federal Reserve's autonomy

Editor's note: Ge Lin is a CGTN economic commentator. The views expressed in this article are the author's own and do not necessarily reflect those of CGTN. Recently, the debate over the US Federal Reserve's independence has once again taken center stage. The institution, often portrayed as a neutral guardian of economic stability, has found itself under renewed political scrutiny, particularly in the fraught exchanges with the Trump administrat…

Trump’s Attack on the Federal Reserve - LewRockwell

President Trump’s relentless attacks on the independence of the Federal Reserve help remind us why the Constitution established a totally different monetary system than the one under which we have all been born and raised. The reason that the Federal Reserve — or central bank — was established as an independent federal agency was because it’s a very bad idea to have a president deciding monetary policy. That’s because presidents inevitably want …

What about those regional Federal Reserve banks?

The Federal Reserve Board of Governors has gotten a lot of attention lately — President Trump is attempting to remove one member and has nominated another. But there’s more under the central bank umbrella than president-appointed officials. In this episode, we break down why regional Fed banks and Fed presidents matter. Plus: The latest Beige book shows an uptick in lending, shipping costs are down and an economist walks us through her process f…