The battle for the Fed is about much more than interest rates
Trump and his economic advisers want to narrow the central bank’s mission dramatically
Trump and his economic advisers want to narrow the central bank’s mission dramatically

While short-term market moves may be less dramatic than expected, profound changes are ahead for the central bank

The escalating conflict between the White House and the US central bank could have far-reaching consequences

The central bank does not work properly if a president can bend it to his will

Independence of US central bank is a vital anchor for the global financial system

The president’s intensifying assault on central bank independence risks backfiring

A cautious rate cut this week would maintain the US central bank’s flexibility