Central bankers set policy with incomplete information, unobservable targets, and constant trade-offs between growth, inflation, and employment. In this episode, we delve into how the fight for Federal Reserve independence could impact markets, interest rates, and your financial future.

Topics covered include:

What Federal Reserve Chair Powell said at the Fed's annual Jackson Hole Symposium
What is the Federal Reserve's mission statement
Why is it normal for U.S. presidents to disagree with the Federal Reserve's policy stance?
Why attacking the Fed's independence is harmful and could lead to higher interest rates and a weakening dollar
What causes inflation, and why is it difficult to know the correct level of interest rates