Trump's Efforts to Remove Fed Governor Lisa Cook Threaten Central Bank Independence
TL;DR Summary
The potential dismissal of Cook and subsequent control over the appointment of regional Fed bank presidents could give Trump significant influence over the Federal Reserve's policy decisions, including interest rate management, which has been a point of contention with Chair Jerome Powell.
- How Cook’s dismissal would upend the Fed Politico
- Fed Governor Lisa Cook sues to challenge Trump’s attempt to fire her, setting up a showdown over presidential power CNN
- Trump’s Push to Fire Lisa Cook Puts Fed Independence on Trial The New York Times
- How much danger is America’s central bank in? The Economist
- Trump Tests The Fed’s ‘Don’t Panic’ Strategy Politico
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