Trump’s Demand for Powell’s Resignation: The Cracks in the Federal Reserve’s Fortress of “Independence”

Let’s be clear: this isn’t just about Trump’s temperament, or Powell’s marble upgrades, or even the Fed’s preferred brand of monetary alchemy. This is about a decades-long drift toward unaccountable governance, cloaked in the language of stability while silently amassing the power to reshape the American economy at will. That power, once considered the bedrock of predictability, is starting to look like a fault line ready to buckle. The Theater of Independence Since 1913, when a handful of bankers and politicians birthed the Federal Reserve in a clandestine meeting on Jekyll Island, the institution has thrived on the premise that it must be insulated from politics. Independence, we’re told, is the guarantee that decisions are rooted in data, not campaign…