Why does an independent Fed matter? Just look at Ronald Reagan’s economy with Paul Volcker hiking rates to nearly 20%

fortune.com/2025/08/22/why-federal-reserve-independence-matters-trump-powell-reagan-volcker

President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the few remaining independent agencies in Washington.
Federal Reserve governor Lisa Cook says…

This story appeared on fortune.com, 2025-08-22 17:34:52.
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