Economist: The Federal Reserve Was Never ‘Independent’
Michael Roberts, a socialist economist and author of The Next Recession blog, joins the show to discuss Donald Trump’s firing of Federal Reserve governor Lisa Cook. While Trump’s attempts to seize control of the Fed is to force steep interest rate cuts that serve Wall Street, Roberts argues why the Fed’s ‘independence’ is an arrangement […]
Michael Roberts, a socialist economist and author of The Next Recession blog, joins the show to discuss Donald Trump’s firing of Federal Reserve governor Lisa Cook. While Trump’s attempts to seize control of the Fed is to force steep interest rate cuts that serve Wall Street, Roberts argues why the Fed’s ‘independence’ is an arrangement that has also come at the expense of working people.
