Say ‘You’re Fired’ and Watch What Happens: John Authers

April 21, 2025, 5:00 AM UTC

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Today’s Points:


  • The Fed’s independence is at stake again in a new war of words.
  • Largely as a result, the dollar is selling off again in Asian trading.
  • The IMF and World Bank meet this week — and will publish post-tariff forecasts.
  • The ECB cut rates; others are struggling over what to do about tariffs.
  • AND: Care for some cheesecake?

Central Bank Independence — This Time It’s Personal

There’s a packed agenda, but this week the topic of the Federal Reserve, its independence, its current policy, and ...

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