
πΊπΈβοΈ Federal Reserve Independence
π Constitution & history = semi-private foundation
π¨ββοΈπͺ Supreme Court rulings on presidential firing power = potential threat to Fed autonomy
π¦π΅ What the Fed Does
π Sets interest rates
π Regulates financial system
π Faces tension with Article II powers (executive authority)
ππ£ Trumpβs Pressure Campaign
π Demanded rate cuts
π₯ Fired officials tied to economic data
π Weak job market blamed on π§±π’ tariff-heavy trade policies
ππ Global Fallout
π¦ Trumpβs 2025 tariffs = major global welfare losses
π¬π§π£οΈ UK may benefit from temporary trade rerouting
π Summary: Presidential muscle vs. central bank independence = economic whiplash.
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