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New Trump order takes aim at autonomy of independent agencies

The article from Marketplace discusses the potential implications of a hypothetical executive order by former President Donald Trump that could impact the autonomy of federal agencies, particularly focusing on the Federal Reserve. The piece explores how such an order might challenge the independence of the Fed, which is crucial for its role in setting monetary policy without political interference. It highlights concerns from economists and policy experts about the erosion of institutional independence, which could lead to decisions influenced by short-term political goals rather than long-term economic stability. The article also touches on historical precedents where presidential influence over the Fed was exerted, albeit indirectly, and how this could set a precedent for future administrations to manipulate economic policy for political gain. Additionally, it mentions reactions from various stakeholders, including business leaders and politicians, who are wary of any moves that could undermine the Fed's ability to act independently in managing interest rates and inflation.

Read the Full Marketplace Article at:
[ https://www.marketplace.org/2025/02/19/federal-agencies-autonomy-trump-executive-order-federal-reserve-interest-rate-independence-monetary-policy/ ]