Monetary Policy & Central Banking - A top candidate for Federal Reserve chair, Kevin Hassett, stated that the US central bank endangered its independence and credibility by exceeding its mandate [1]

Federal Reserve Leadership - The White House is considering Kevin Hassett, Christopher Waller, and Kevin Warsh as finalists to replace Jerome Powell as Federal Reserve chair [1] Personnel Changes - Donald Trump mentioned the potential candidates for the central bank's chair position [1]

Personnel Changes at the Federal Reserve - The White House economic adviser Kevin Hassett, Federal Reserve Governor Christopher Waller and former Fed Governor Kevin Warsh are considered finalists to replace the central bank's chair [1]

Monetary Policy - The Federal Reserve nominee assures Democratic critics of commitment to an independent central bank [1]

The US president regularly blasts the central bank and pressures its chair. Now, he’s moved to fire one of its seven governors. Here's what to know https://t.co/M3MuvWQ6IW ...

If political control of America’s central bank becomes a consistent Republican demand, the politicisation of monetary policy is near-inevitable https://t.co/lCMFL8zXNh ...

Breaking: Federal Reserve governor Lisa Cook sued President Trump over his move to fire her, setting up unprecedented legal battle testing Trump’s power over central bank’s board https://t.co/HwcGx1TmB0 ...

In Donald Trump’s latest attack on the Federal Reserve he said he was sacking Lisa Cook, a governor on its board. Many fear that he is trying to take over America’s central bank to quickly lower interest rates. We explain why this crusade will be self-defeating https://t.co/rJPmH0TBMy ...

Market Concerns - Investors are worried that Donald Trump's efforts to control the Federal Reserve could lead to the use of central bank tools to address America's growing debt, which is not a typical central bank function [1] Potential Risks - The market is concerned about the potential misuse of the Federal Reserve's tools to fix America's ballooning debt bills [1]

Federal Reserve Independence & Economic Policy - The report highlights President Trump's efforts to exert partisan pressure on the Federal Reserve (Fed), including attempts to fire a member, Lisa Cook, and influence the board's majority, raising concerns about the Fed's independence [1] - Financial experts widely view Trump's reference to investigating Lisa Cook for a mortgage application as a pretext to consolidate power over the independent Fed [1] - The Fed released a statement reaffirming its commitment to accountability and independence, indicating less compliance with Trump's desires [1] - The report emphasizes that politicians who interfere with the independence of central banks are "playing with fire," as historical examples show that autocratic control over economies often leads to market crashes, shortages, and even famine [1][2] - The weakening dollar, down 10% over the year, and increasing long-term borrowing costs are cited as practical effects of undermining the Fed's independence, leading to less purchasing power and higher loan rates for Americans [11][12] - The report mentions that short-term focused presidents may push for looser monetary policy, which might be good in the short term but bad for all in the long term if prices go up [15] Trump Administration & Power Consolidation - The report suggests Trump's actions are part of a wider effort to undermine career independence across the federal government, reminiscent of purges aimed at ousting career prosecutors and labor statisticians [1] - The Trump administration's desire to buy up private companies to exert more control is highlighted, exemplified by taking a tenth stake (10%) in chipmaker Intel [2] - The report mentions Trump musing about a dictatorship, raising concerns about the erosion of democratic norms [3][4] Epstein Case & Political Implications - Congress will question former Trump labor secretary, Alex Acosta, about the secret deal he cut in the Epstein case [29] - Ghislaine Maxwell's interview, where she claims to have never seen any problems from Trump, is viewed with skepticism, with some suggesting it was a scripted effort to seek a pardon [31][40] - The report highlights conflicting claims about the existence of an Epstein client list, with Trump's former attorney general claiming it existed and Maxwell denying its existence [36][37][38] Cultural & Political Commentary - The report touches on Trump's desire to control Hollywood and pop culture, viewing him as one of the most anti-First Amendment presidents in history [58][61]