Does the Federal Reserve's independence matter? Economics’ Mark Schweitzer thinks so

Big Business This Week: Why does the Fed’s independence matter?

Cheddar News: Mark Schweitzer, associate professor of economics at Weatherhead School of Management, said the Federal Reserve's independence is crucial because political pressure historically fuels inflation. He warned that sharp Trump-backed rate cuts could raise inflation expectations, push long-term rates higher, and force the Fed to hike again—undermining its dual mandate.