What economic mechanism explains how political interference in central bank policy raises inflation risk?

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When central banks lose independence, presidents demand low interest rates before elections regardless of economic conditions—printing money to juice growth in the short term while inflation spirals later. Nixon pressured Burns to "goose" the economy in 1971, producing the 1970s stagflation. Turkey's central bank fired governors who resisted President Erdoğan's rate-cutting demands, triggering 85% inflation by 2022. Warren's warning reflects this consistent pattern: political control of monetary policy prioritizes electoral cycles over economic stability.

What economic mechanism explains how political interference in central bank policy raises inflation risk?

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