The President Should Not Control the Fed

There’s a fight brewing over the Federal Reserve, and it matters more than most voters realize. The Fed affects inflation, interest rates, hiring, business growth, and retirement savings. That’s exactly why it should not be controlled by any president, Democrat or Republican. Political control of interest rates opens the door to corruption, market manipulation, self-dealing, and short-term decisions that could create long-term economic damage. Independence does not mean zero accountability. The Federal Reserve still needs oversight, transparency, criticism, and public scrutiny. But letting politicians call the shots on interest rates would be dangerous for everyone.