Fed Faces Biggest Direct Challenge by a President since JFK - And this is a good thing

Donald Trump had promised to challenge the powers-that-be. It looks like he is not backing down against the Fed. Economists and media are defending the central planners, but their wings need clipping.

Oxford, 31 August 2025. President Trump has challenged the powerful Federal Reserve head-on. When then UK Prime Minister Liz Truss challenged the Bank of England, the central planners staged a coup d’etat and deposed her (see my report on this). Others who challenged the Fed include JFK, who was assassinated.

The battle is only just beginning. The implications could be profound. What are we to make of it? In this piece I consider this important development, but first of all I shall try to place it into the context of other developments emanating from the Trump administration.