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President Trump has flirted with firing Federal Reserve Chair Jerome Powell since returning to office, but can he legally do that? Not without good cause. Today on the show, the danger of Trump's amped up attacks on Powell and the Fed's independence.
Follow Chris Hughes on Substack.
Related listening:
A primer on the Federal Reserve's Independence (Apple / Spotify)
Arthur Burns: shorthand for Fed failure?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.
Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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Donald Trump offers to mediate as India-Pakistan conflict spirals Financial TimesPakistan vows retaliation after India launches strikes in wake of Kashmir massacre CNN"If I can do anything to help, I will be there": Trump urges India, Pakistan to end clashes AxiosIndia strikes alleged headquarters of militant groups in Pakistan's heartland Reuters
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It looks like a long, cold summer for the U.S. market.
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