The U.S. Supreme Court ruled earlier this month that economist Lisa Cook can remain on the Federal Reserve Board of Governors through 2026, dealing a setback to President Donald Trump’s attempt to remove her. Jai Kedia, a research fellow at Cato’s Center for Monetary and Financial Alternatives, offers analysis on the ongoing threats to the Federal Reserve’s independence.

Kedia warns that the Federal Reserve’s independence remains vulnerable to political pressure, arguing that the absence of a clear, rule-based framework for setting interest rates leaves monetary policy exposed to subjective influence and executive interference.

The analysis advocates for objective monetary policy rules to shield the Fed from political pressure and improve rate decisions.

Kedia is available for interviews. You can read Kedia’s full analysis here.

To set up an interview, please reach out to pr@​cato.​org.