The independence of the Federal Reserve is vital to maintaining low inflation and a strong job market over the long term.

“The Fed is just central to affordability in the American economy, to people's ability to plan their budgets over the next few years, and have a sense of what they'll be able to afford. And it's also really important for the long-term economic stability of our economy.”

Politicizing the Federal Reserve creates economic instability by prioritizing short-term political gains for the president over long-term economic health.

“Because the minute that the our monetary policy is tied to the politicians, the economy is is all going to be about, uh, you know, having presidents try and get the best economy they can for their moment before an election without without any concern for what comes afterward”

Weaponizing the Federal Reserve as a political tool is dangerous and harmful to the economy.

“I think hopefully this galvanizes both both parties to just say we're we don't do this. Like we do not set interest rates based on the will of the president. That is not how the economy is supposed to function.”

Rashad Bilal believes that President Trump's efforts to consolidate power by investigating the Federal Reserve chair set a dangerous precedent that undermines the institution's independence.

“it sets a terrible precedent, right? Even if I mean to indict the Fed chair and subpoena him is just like it's pretty I mean it's never happened.”

Ian Dunlap argues that the Trump administration's attempt to investigate the Federal Reserve chair and influence interest rates is a dangerous political overreach that will negatively impact the econo

“it's dangerous waters when the Fed loses its autonomy and becomes political because the Federal Reserve is not designed to become political. Mhm. >> It's not designed to answer to um politicians, even the president.”

The Federal Reserve should reduce its involvement in broad economic policy and return to its original narrow mandate of serving as a financial backstop.

“The biggest thing that he is doing is he is saying that the Federal Reserve should no longer be the chief policy maker when it comes to the economy. Instead, the Federal Reserve should basically be there as a backs stop. And that's kind of it, which is the original concept of the Federal Reserve.”

The Federal Reserve should be subject to an audit by the Department of Government Efficiency.

“no exceptions including if not especially the Federal Reserve”

The Federal Reserve should be audited because even the best-run public companies are required by law to undergo annual audits.

“but the bestr Run public companies still by law have to have an audit every year if you're on the stock market you have to have an audit”

The Federal Reserve needs to reduce its footprint in the economy, operate with greater predictability, and return to more traditional roles.

“I think many of them have already come out and said that they do want to shrink it both as the footprint of the institution in the economy, but shrink the institution itself.”

The Federal Reserve's practice of keeping interest rates artificially low is a manipulative policy that distorts the economy and fuels irresponsible borrowing.

“These interest rates should have been higher on home mortgages for much longer yeah yeah these look this is artificially keeping these rates low which is what people got used to that isn't necessarily a good thing”