Ep. 24: Federal Reserve Independence — Why It Matters for Inflation and Interest Rates cover art

Ep. 24: Federal Reserve Independence — Why It Matters for Inflation and Interest Rates

Ep. 24: Federal Reserve Independence — Why It Matters for Inflation and Interest Rates

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What actually anchors inflation expectations in a world without the gold standard? In this episode of Fundamentals Unfiltered, Matt examines why Federal Reserve independence is central to economic stability, and why political pressure on monetary policy has repeatedly led to inflation, market instability, and loss of credibility. Using historical examples—from the gold standard and the Great Depression to the 1970s inflation crisis and the Volcker era—the episode explains how today’s monetary system relies on credibility as its nominal anchor, and why that credibility is fragile. This episode also serves as a foundation for a longer companion blog post exploring these themes in depth.
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