🏛️ Trump and the Federal Reserve: Has the "independence" ended?

👉 Direct answer: NO. Independence has NOT ended.

👉 But it is under the greatest political pressure in decades.

Let's get to the hard facts 👇

⸻

🧨 1️⃣ "Trump controls the Fed" — ❌ FALSE

❌ He cannot order rates.

❌ He cannot fire the president of the Fed for monetary policy.

❌ He cannot command the FOMC.

✔️ Legal fact:

The Fed is independent by law. Period.

⸻

🧨 2️⃣ "The independence of the Fed is over" — ❌ NOT TRUE

✔️ The institutional structure remains intact:

• Dual mandate (inflation and employment).

• FOMC voting.

• Legal protection against direct interference.

👉 There is no institutional break.

⸻

🧨 3️⃣ What IS real (and does matter) — ⚠️ BRUTAL POLITICAL PRESSURE

✔️ Trump does three real and verifiable things:

• Publicly attacks the Fed.

• Indicates he wants a pro-cut president.

• Attempts to condition market expectations.

👉 This does NOT change the law, but it DOES change the climate.

⸻

🧨 4️⃣ Can Trump influence indirectly? — ✅ YES

✔️ How he does it (legally):

• Appointing future aligned governors.

• Using public discourse to pressure.

• Politicizing the narrative of high rates.

👉 Indirect influence ≠ control.

⸻

🧨 5️⃣ Is this new? — NO

📌 Nixon, Reagan, and others also pressured the Fed.

❗ The difference with Trump: he does it unfiltered and in public.

👉 More noise, not more power.

⸻

🧠 FINAL VERDICT (UNFILTERED)

🔥 REAL

• The Fed remains independent

• Trump does NOT control rates

• Political pressure is intense and visible

• The market starts to anticipate cuts

💨 SMOKE / MANIPULATION

• "End of independence" ❌

• "Fed taken over by Trump" ❌

• "Cuts guaranteed by decree" ❌

⸻

💣 BRUTAL CONCLUSION

The independence of the Fed did NOT die,

but it is under constant political fire.