Jerome Powell and the Future of Fed Independence
Planet Money
- Published
- May 15, 2026
- Duration
- 28:53
- Summary source
- description
- Last updated
- Jun 10, 2026
Discusses If you have a credit card, hope to buy a house, or just want stable grocery prices – let’s talk abou…
Summary
If you have a credit card, hope to buy a house, or just want stable grocery prices – let’s talk about the future of Fed independence!It’s impossibly important for the Federal Reserve to steer monetary policy without political interference – an ideal pushed to its brink during Jerome Powell’s time as Fed Chair.Powell’s Fed faced a once-in-a-century pandemi…
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Show notes
If you have a credit card, hope to buy a house, or just want stable grocery prices – let’s talk about the future of Fed independence!It’s impossibly important for the Federal Reserve to steer monetary policy without political interference – an ideal pushed to its brink during Jerome Powell’s time as Fed Chair.Powell’s Fed faced a once-in-a-century pandemic, oversaw the economy as inflation spiked to about 9 percent … went back down to nearly 2 percent … and has started to go back up as the U.S.