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The Fed in the Crosshairs
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Barry Eichengreen
Published/Copyright:
October 3, 2025
Abstract
The conflict between the Trump Administration and the Federal Reserve is the most serious threat to the independence of the central bank in three-quarters of a century. This article explains why – and what the Fed can do about it.
JEL Classification: E0
Received: 2025-09-25
Accepted: 2025-09-26
Published Online: 2025-10-03
© 2025 Walter de Gruyter GmbH, Berlin/Boston
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Articles in the same Issue
- Frontmatter
- Editorial
- The End of US Dominance?
- Policy Papers (No Special Focus)
- Alternative Policy Rules and Post-Covid Fed Policies
- Accountability in Action: The European Parliament’s Assessment of the ECB 2024 Annual Report
- Germany’s Fiscal Turn: Structural Challenges, Political Risks, and European Spillover Effects
- Trumpian Neomercantilism, European Fiscal Capacity and the Global Minimum Tax
- Factors Driving India’s Growth: Challenges and Policy Measures
- Policy Forum: The End of US Dominance?
- After Multilateralism: The US and the World Bank
- The Triple Mandate of Development, Climate, and Humanitarian Aid
- The WTO Minus One: A Rules-Based Global Trading System Without The US?
- The Fed in the Crosshairs
- Will China Replace the USA as the World’s Leading Power
- Will the US Protect Taiwan in Case of Chinese Military Aggression?
- War in Ukraine: Is Russia Challenging the US Global Dominance?
- A Fragile Surge: European Support to Ukraine in Early 2025 – New Insights from the Kiel Institute Ukraine Support Tracker
- A Strawman Proposal to Use International Flexibility in Achieving Developed Countries Climate Targets to Catalyse Global Decarbonisation
