It is easy, and increasingly common, for politicians to blame the Fed and deflect criticism from themselves. But even by their usual standards, the recent attacks on the Fed are unprecedented and risk serious damage to the economy and the Fed’s credibility. The central bank can, however, instill more faith in the process by assuring markets that rate decisions are happening apolitically. The good news is that the Fed’s 2025 framework review is currently under way and is the perfect opportunity for the Fed to help itself and all market participants by committing to a rules-based monetary policy. The Cato Institute’s Norbert Michel and Jai Kedia discuss the administration’s repeated calls for rate cuts, the dangers of such policies, and how the Fed can best respond.