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Trump firing the Federal Reserve Chair would upend its long tradition of independence

By Adrian Ma

Published July 20, 2025 at 6:55 AM MDT

NPR's Adrian Ma talks to UT-Austin economic historian Carola Binder about why the Federal Reserve is independent and why that matters.

Adrian Ma

Adrian Ma covers work, money and other "business-ish" for NPR's daily economics podcast The Indicator from Planet Money.