Ana Carolina Garriga

(she/her)

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Federal Reserve Chairman Jerome Powell talks with Board of Governors member Lisa Cook on June 25, 2025. AP Photo/Mark Schiefelbein

Trump’s push to fire Fed governor threatens central bank independence − and that isn’t good news for sound economic stewardship (or battling inflation)

Ana Carolina Garriga, University of Essex and Cristina Bodea, Michigan State University

Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.
U.S. President Donald Trump looks on as his then-Fed chair nominee Jerome Powell steps to the lectern. Drew Angerer/Getty Images

Trump’s attacks on central bank threaten its independence − and that isn’t good news for sound economic stewardship (or battling inflation)

Cristina Bodea, Michigan State University and Ana Carolina Garriga, University of Essex

Monetary policy can be wielded as a tool to boost an economy around election time, which explains why politicians want to have a say on it.
Donald Trump appointed Jerome Powell as chair of the Federal Reserve. If returned to the White House, he may seek to replace him. AP Photo/Alex Brandon

Central banks face threats to their independence − and that isn’t good news for sound economic stewardship (or battling inflation)

Cristina Bodea, Michigan State University and Ana Carolina Garriga, University of Essex

Monetary policy can be wielded as a tool to boost an economy around election time, which explains why politicians want to have a say on it.

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