Can the Fed Both Fight Inflation and Stay Independent?

The Fed is facing growing discontent among some, including the President, over Fed Chair Jay Powell’s failure to ease interest rates, as well as criticism from Congress over cost escalations in a Fed office renovation.

Former CEO and President of the St. Louis Federal Reserve, James Bullard, and one of the earliest voices to warn of inflation risks joins the Call to discuss this tension. Currently the Dean of the Mitch Daniels School of Business at Purdue University, Bullard took over the regional Fed role just as the U.S. economy was entering a prolonged financial crisis in 2008 and held that role until 2023; he brings over a decade of insider knowledge into how the Fed thinks and acts.

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