Trump Allies Push to Reshape the Fed: A New Battle for Central Bank Independence

Allies of former President Donald Trump are mounting a campaign to overhaul the Federal Reserve, aiming to weaken its independence and align monetary policy more closely with political goals. The push, reported by Bloomberg’s “The Pulse With Francine Lacqua,” comes as global markets watch for signs of intervention in the U.S. central bank. The effort targets the Fed’s ability to set interest rates without White House pressure. Supporters argue that the central bank has been too cautious, while critics warn that political control could fuel inflation and undermine economic stability. On today’s episode, host Francine Lacqua speaks with three high-profile guests: Kokou Agbo-Bloua, SocGen CIB Global Head of Economics, Cross-Asset & Quant Research; Philippe Aghion, a Nobel Prize-winning economist; and Estelle Brachlianoff, CEO of Veolia. They discuss the implications of reshaping the Fed and what it means for global finance.