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Read a message from WDIY Executive Director Margaret McConnell on the recent House vote to claw back public media funding.

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

By Adrian Ma
Published July 20, 2025 at 8:55 AM EDT

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

Copyright 2025 NPR
Adrian Ma
Adrian Ma covers work, money and other "business-ish" for NPR's daily economics podcast The Indicator from Planet Money.