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![matthewstoller Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2030711.png) Matt Stoller [@matthewstoller](/creator/twitter/matthewstoller) on x 155.7K followers
Created: 2025-07-22 18:33:17 UTC

Federal Reserve independence is gone. It doesn't matter if Jay Powell goes or stays, Trump will appoint his guy, and his guy is going to revamp central banking to put it closer to Treasury. It's over. 

Now Dems have to start thinking, which I know for them is torture, but still.


XXXXXX engagements

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**Related Topics**
[dems](/topic/dems)
[banking](/topic/banking)
[donald trump](/topic/donald-trump)
[powell](/topic/powell)
[federal reserve](/topic/federal-reserve)

[Post Link](https://x.com/matthewstoller/status/1947726662323605533)