Tuesday May 12, 2026 FrontLine PBS
The President vs. the Fed
President Trump's unprecedented challenges to the Federal Reserve and what it means for the economy; tracing the battle between Trump and the Fed as the central bank steers the economy through an increasingly precarious moment.
April 30, 2026 Why Powell decided to stay at the Fed.
Jan 30, 2026 Trump Nominates Kevin M. Warsh to become the next Fed Chair and Paul Krugman thinks Warsh isn't qualified.
The following reasons are given:
These arguments can be debated. However, what interests me is the argument for more Federal Reserve Transparency and Automation and I have been posting on that topic:
- Trump vs. The Federal Reserve President Trump (and a lot of other politicians) want lower interest rates to stimulate investment. The Fed has been keeping interest rates above the Attractor path given Trump's erratic economic policies. And, there are lots of problems the Fed is facing in setting interest rates too low.
- What Impact is the Fed Having on the Dual Mandate? Some politicians argue the Fed has too much power but the data shows that Fed policy manipulations don't have major effects.
- Could the Fed be replaced by a Computer Program? No, but more automation, communication, public input and transparency would help (and could be a model for other Federal Agency reform).
- Four Regimes for Fed OS 1.0 The main problem with totally automating the Federal Reserve is what to do during Economic Crises. In addition to Business as Usual (BAU), three crises regimes can be identified statistically where human judgment is needed.
- Why does the Fed no longer try to control the Money Supply? It was found to be a weak policy variable and this post provides the data and a model.
- Project 2025 and the Federal Reserve An unbalanced collection of Wack-a-Doodle proposals from the far Right Wing.
Over time, I will have a lot more to say about Federal Reserve and automation of other Federal Government agencies. Given the dismal performance of the Trump II administration and the mistake of Big Tech for support of Right-Wing Agendas, it is time to start thinking out of the box!
Notes
- The Federal Reserve the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the Panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.
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