Ian warns that politicizing the central bank undermines “something core to the long-term stability of the US dollar and the US economy.”
The trigger is a policy clash. Trump wants rates cut more aggressively; Powell doesn’t agree. “This is an intellectual policy disagreement,” Ian says, adding that Powell has been clear he won’t bend to political pressure.
Ian situates the moment in a broader pattern: investigations and institutions increasingly weaponized for politics, eroding checks and balances and raising the stakes for US democracy and economic stability.
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