Fed Up With Central Bank Independence?
From Beyond Unprecedented: The Post-Pandemic Economy by Columbia Law School
March 9, 2026 · 39 min · Season 5 · Episode 2
About this episode
Lev Menand discusses the challenges to the independence of the U.S. Federal Reserve amidst political pressures.
The past year has seen growing challenges to the independence of the U.S. Federal Reserve. Lev Menand, associate professor of law at Columbia Law School, discusses the Trump administration’s legal fight to remove Federal Reserve Governor Lisa Cook, the U.S. Department of Justice’s probe of Federal Reserve Chair Jerome Powell, and the implications of political pressure on the Fed.
People in this episode
Guest: Lev Menand
Topics covered
- Federal Reserve
- central bank independence
- political pressure
- U.S. economy
- legal challenges
Keywords
- Federal Reserve
- central bank
- political pressure
- Lisa Cook
- Jerome Powell
Mentioned in this episode
Organizations: Columbia Law School, U.S. Federal Reserve, U.S. Department of Justice, Trump administration
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