Federal Reserve Independence: The battle over interest rates with a new Fed Chair | This is America

By Al Jazeera English

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Kevin Warsh has been sworn in as the new Chairman of the Federal Reserve. He steps into the role at a critical junction defined by surging inflation, an oil shock stemming from the war on Iran, and intense political scrutiny of interest rate decisions. President Trump spent months criticizing Warsh's predecessor, Jerome Powell, for being reluctant to cut interest rates. The President's repeated vows to fire Powell raised questions about the central bank's independence. So, will the Federal Reserve remain politically independent under Warsh, or will the White House shape monetary policy decisions? Presenter: Rob Matheson Guests: Stan Veuger – Senior Fellow in Economic Policy Studies at the American Enterprise Institute Paolo Von Schirach – President of the Global Policy Institute Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://X.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out o

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