Should presidents have more of a say in interest rates?

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• 00:01

  NPR.

• 00:11

  At his press conference last week, former President Donald Trump talked about his dream relationship with the us central bank, the Federal Reserve.

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  I feel the president should have at least say in there.

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  Yeah, I feel that strongly.

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  I think that in my case, I.

• 00:27

  Made a lot of money.

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  I was very successful, and I think.

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  I have a better instinct than, in many cases people that would be on the Federal Reserve or the chairman presidential.

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  Candidate for the Democratic Party.

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  Kamala Harris, though, had a rather different take.

• 00:40

  The Fed is an independent entity, and as president, I would never interfere in the decisions that the Fed makes.

• 00:47

  All right, a fight over economics.

• 00:48

  This sounds like a case for the indicator.

• 00:53

  This is the indicator from planet money and Darian woods.

• 00:56

  And I'm Gumshoe Waylon Wong.

• 00:58

  Today on the show, an age old tension, the Federal Reserve versus the president.

• 01:04

  We explain how central banks around the world became independent and why most economists wanted to stay that way.

• 01:15

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