The Fed Has Never Been Independent
While Donald Trump’s attacks on the Fed are deeply authoritarian, the institution itself is far from blameless. From the 2008 crash to the pandemic, its primary aim has been to protect the interests of the wealthy.
2 Articles by: Sophie Bandarkar
Sophie Bandarkar is a graduate student in economics with a focus in housing and finance.
The War on Inflation Is a Class War
Federal Reserve chair Jerome Powell recently warned that the United States was at risk of stagflation, a combination of high inflation and economic slowdown. When this happened in the 1970s, capitalists used the crisis to attack organized labor.