Fed's Independence Could 'Disappear In A Week,' Says Economist Ken Rogoff, As Trump Thinks He's 'Smarter Than The Central Bankers' Amid Ongoing Feud With Jerome Powell
American economist Kenneth Rogoff says that the Federal Reserve's autonomy is a lot more fragile than most people realize. The loss of the Fed's independence, he warns, can lead to stagflation and the return of price controls and financial repression, as was seen in the 1970s.