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Trump firing the Federal Reserve Chair would upend its long tradition of independence

By Adrian Ma

Published July 20, 2025 at 8:55 AM EDT

NPR's Adrian Ma talks to UT-Austin economic historian Carola Binder about why the Federal Reserve is independent and why that matters.

Adrian Ma

Adrian Ma covers work, money and other "business-ish" for NPR's daily economics podcast The Indicator from Planet Money.

Stories From This Author

It's not a major election year, but political ads are everywhere

Domenico Montanaro

If it feels like there is an influx of political ads right now, it's because there are. We look at why the ads are everywhere and who is paying for them.
Transatlantic security specialist discusses Trump's shift in policy towards Ukraine

Adrian Ma

NPR's Adrian Ma talks to former top defense official Jim Townsend about the significance of President Trump's new agreement to send weapons to Ukraine.
A documentary follows the first openly trans person to argue before the Supreme Court

Adrian Ma

NPR's Adrian Ma talks with ACLU lawyer Chase Strangio about being the first openly trans person to argue before the Supreme Court. He's profiled in the new documentary, "Heightened Scrutiny."