- The independence of the U.S. Federal Reserve is often cited as a major reason America is one of the best places in the world to invest. Central banks operating under the thumb of politicians often struggle to control inflation, a problem that has especially reared its head in autocracies.
President Donald Trump has suggested—more than once—that he should get a say in setting interest rates. On Thursday, he declared Federal Reserve Chair Jerome Powell’s “termination cannot come fast enough.”
