Michael Barr's resignation (as Fed VC, not governor) ismore than a story abt Trump's return to power. Pressures on independent agencies & their leaders-- including the Fed-- are fueled by Trump & separately by conservative courts eager to rein in agency power.
https://www.washingtonpost.com/business/2025/01/06/trump-targets-top-fed-official/?utm_source=alert&utm_medium=email&utm_campaign=wp_news_alert_revere&location=alert
https://www.washingtonpost.com/business/2025/01/06/trump-targets-top-fed-official/?utm_source=alert&utm_medium=email&utm_campaign=wp_news_alert_revere&location=alert
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Liberals are the ones who leave a room when a fight starts
You fight a fight that needs fighting not whether you can win it or not.
Out goes the perception of independence of Fed if its leaders obey in advance.