Economist: If the Federal Reserve’s independence is compromised, expect inflation to rise

1.0MS NOWhttps://www.ms.nowMS NOWhttps://www.ms.nowEconomist: If the Federal Reserve’s independence is compromised, expect inflation to riserich600338<blockquote class="wp-embedded-content" data-secret="mijsrKRTc9"><a href="https://www.ms.now/weekends-with-alex-witt/watch/economist-if-the-federal-reserve-s-independence-is-compromised-expect-inflation-to-rise-243531333865">Economist: If the Federal Reserve’s independence is compromised, expect inflation to rise</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.ms.now/weekends-with-alex-witt/watch/economist-if-the-federal-reserve-s-independence-is-compromised-expect-inflation-to-rise-243531333865/embed#?secret=mijsrKRTc9" width="600" height="338" title="“Economist: If the Federal Reserve’s independence is compromised, expect inflation to rise” — MS NOW" data-secret="mijsrKRTc9" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script> https://res.cloudinary.com/msnow/images/f_auto,q_auto/v1762454007/1753044345273_n_witt_bernstein_trump_economy_tariffs_powell_federal_reserve_inflation_250720_1920x1080-w0lqhc-1/1753044345273_n_witt_bernstein_trump_economy_tariffs_powell_federal_reserve_inflation_250720_1920x1080-w0lqhc-1.jpg?_i=AA19201080New economic data shows inflation ticked higher in June to 2.7%, prompting many economists to agree with Federal Reserve Chair Jerome Powell’s decision to keep interest rates steady. President Trump and his economic team launched fresh criticism of Powell over his approach. Former National Economic Council of Advisers Chairman under President Biden, Jared Bernstein, joins Alex Witt to discuss.