Wharton Fed Historian Says Trump's Criticism of Rate Hikes Is Risky

The video discusses the historical context of the Federal Reserve's independence and how presidential influence has evolved over time. It examines the potential consequences of presidential comments on Fed decisions, including the risk of overreaction or a publicity war. The discussion also covers the impact of direct presidential requests on the Fed and the possibility of a political realignment around monetary policy, highlighting the changing partisan support for the Fed's independence.

In what ways might presidential comments about the Federal Reserve influence its decisions?

How has the political climate changed regarding the Federal Reserve's independence in recent years?